Actual Loss Must be Proven for Automatic Recovery of Full Amount : Delhi HC [Read Order]
The Delhi High Court ruled that even if the statute contains a Liquidated Damages (LD) clause, it requires proof of actual loss and does not provide...
![ONGC wins Service Tax Case: CESTAT rules Liquidated Damages not Taxable u/s 66E(e) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ONGC-Service-Tax-Case-CESTAT-TAXSCAN.jpg "ONGC wins Service Tax Case: CESTAT rules Liquidated Damages not Taxable u/s 66E(e) [Read Order]")
Liquidated damages collected from Chettinad logistics for non-performing acts attracts 18% GST: AAR [Read Order]
The Andhra Pradesh Authority for Advance Ruling (AAR) has held that 18% Goods and Services Tax (GST) would be applicable upon the liquidated damages collected from Chettinad Logistics Pvt Ltd for...
CESTAT Quashes Confirmation of Service Tax Demand on Amount Claimed to Liquidated Damages [Read Order]
In a recent decision the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Ahmedabad Bench comprising Ramesh Nair, Judicial Member and Raju, Technical Member, quashed confirmation of...
Provision for Liquidated Damages is an ascertained liability, allowable as Income Tax Deduction: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT )has held that the provision for liquidated damages is an ascertained liability and is allowable as a deduction from Income. SKF...
Relief to Dredging Corporation of India: ITAT rules Liquidated Damages not core Activity of Shipping and not part for Computation in Tonnage Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench ruled that liquidated damages not core activity of shipping and not part for computation in tonnage tax, thereby granting relief to M/s...
Penalty collected from Contractor, being Liquidated Damages not subject to Service Tax: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that the penalty collected from a contractor, being ‘liquidated damages’ in nature, shall not attract service tax...
