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2016 (9) TMI 1603 - AT - Income TaxDisallowance of the provision of liquidated damages - AO disallowed this amount by holding that the liability to pay liquidated damages arises only on completion of contract and hence, the same cannot be regarded as crystallized liability in the interregnum periods before the contracts are actually completed or fulfilled - HELD THAT:- We find that the Ld. CIT(A) by following the assessee’s own case [2010 (7) TMI 1201 - ITAT VISAKHAPATNAM] directed the A.O. to delete the addition. We find that the Ld. CIT(A) by considering the entire facts and circumstances of the case and also by following the assessee’s own case directed the A.O. to delete the addition. We find no infirmity in the order passed by the CIT(A). This ground of appeal raised by the revenue is dismissed. In the result, the appeal filed by the revenue is dismissed.
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