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2008 (8) TMI 198 - HC - Income TaxDeduction claim on account of late delivery charges & penal interest - Tribunal is justified in holding that the adjustments (disallowance) made by AO by treating the late delivery damages and penal interest as contingent liabilities were not within the scope of prima facie adjustments u/s 143(1)(a) - view expressed by Tribunal cannot be found fault with – issue are debatable hence, not come under the purview of prima facie adjustment as contemplated u/s 143(1)(a) - revenue appeal dismissed
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