https://www.taxtmi.com/caselaws?id=70306 The Tribunal rectified its previous order by amending paragraphs 11 to 16 to align with Supreme Court precedents, acknowledging the binding nature of contractual liabilities. Consequently, the Tribunal allowed the claims for liquidated damages, addressing the oversight of relevant accounting methods and preventing a miscarriage of justice, thereby upholding the assessee's appeal. en-us Wed, 21 Jul 2004 00:00:00 +0530 Thu, 04 Jul 2024 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70306 The Tribunal rectified its previous order by amending paragraphs 11 to 16 to align with Supreme Court precedents, acknowledging the binding nature of contractual liabilities. Consequently, the Tribunal allowed the claims for liquidated damages, addressing the oversight of relevant accounting methods and preventing a miscarriage of justice, thereby upholding the assessee's appeal. Case-Laws Income Tax Wed, 21 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70306