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![Liquidated Damages for Breach of Contract Not Taxable under GST: Karnataka HC Orders Refund of Rs. 5 Crore Paid under Protest [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/500x300_2115105-liquidated-damages-for-breach-of-contract-not-taxable-under-gst-karnataka-hc-orders-refund-of-rs-5-crore-paid-under-protest-taxscan.webp "Liquidated Damages for Breach of Contract Not Taxable under GST: Karnataka HC Orders Refund of Rs. 5 Crore Paid under Protest [Read Order]")
Liquidated Damages for Breach of Contract Not Taxable under GST: Karnataka HC Orders Refund of Rs. 5 Crore Paid under Protest [Read Order]
In a recent ruling, the Karnataka High Court held that liquidated damages received for breach of contract are not taxable under the Goods and...
![Taxability of Amount received under Arbitration Settlement: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Delhi-Taxability-of-Amount-received-under-Arbitration-Settlement-ITAT-Addition-Arbitration-Settlement-Taxscan.jpeg "Taxability of Amount received under Arbitration Settlement: ITAT upholds Addition [Read Order]")
![No Addition since Assessee Refunded the Advances received from Property Buyers for Breach of Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Refund-Taxscan.jpg "No Addition since Assessee Refunded the Advances received from Property Buyers for Breach of Contract: ITAT [Read Order]")
![ITAT Delhi exempts Income Tax liability of Compensation recieved via award on breach of contract [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Income-Tax.jpg "ITAT Delhi exempts Income Tax liability of Compensation recieved via award on breach of contract [Read Order]")