Liquidated Damage arises on Delayed Supply of Service to BSNL and MTNL adjusted With Purchase Amount: Delhi HC upholds Deduction of Liquidated Damage Based on Evidence [Read Order]

Delhi High Court allows the deduction of liquidated damages based on the invoice submitted.

By Yogitha S. Yogesh - On December 24, 2023 11:04 am - 2 mins read

Liquidated Damage - Delayed Supply of Service - BSNL - MTNL - Purchase Amount - Delhi HC - Delhi HC upholds Deduction of Liquidated Damage - taxscan

In a recent judgement, the Delhi High Court upheld the deduction of liquidated damage based on evidence. The liquidated damage arises from the delayed supply of service to BSNL and MTNL adjusted with the purchase amount. The appellant/revenue challenged the order passed by the Income Tax Appellate Tribunal [“Tribunal”]. The only issue which arose for…

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Topics

Commissioner of Income Tax (Appeals)Delhi High Court Income Tax Appellate Tribunal Justice Rajiv Shakdher