Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>ITAT rules in favor of assessee in rebate dispute, clarifies compensation vs. penalty distinction</h1> <h3>WAVIN INDIA LTD. Versus INCOME TAX OFFICER.</h3> The ITAT Madras allowed the assessee's appeal regarding the disallowance of rebate to Mysore Electricity Board, holding that the deduction from the bill ... - The ITAT Madras-A allowed the appeal of the assessee regarding disallowance of rebate to Mysore Electricity Board. The deduction from the bill was not considered a penalty but compensation for delayed supply. The ITAT also ruled that relief under s. 80J should not be restricted to the number of days the unit worked during the year.