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2023 (8) TMI 1087 - SCH - Income TaxDisallowance of Interest payable to Alimenta on the amount awarded - Confirmed liability or contingent liability - As decided by HC [2017 (4) TMI 974 - DELHI HIGH COURT]with the Award having been made rule of the Court by a learned Single Judge of this Court, the mere fact that the said judgment and decree was stayed by a DB would not relieve NAFED of its obligation to pay interest in terms thereof to Alimenta. Such liability commenced in the previous year in which the said judgment and decree was passed by the learned Single Judge - HELD THAT:- Having heard learned Senior counsel for the petitioners at a considerable length and after carefully perusing the material available on record, we do not find any ground to interfere with the impugned Order passed by the High Court of Delhi at New Delhi.
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