https://www.taxtmi.com/caselaws?id=242626 The Tribunal allowed the appeal in part, reversing the disallowance of liquidated damages deducted by the Government of India as not constituting a penalty but a contractual obligation. However, the disallowance of amounts written off as irrecoverable was upheld due to lack of details provided and failure to press certain grounds during the hearing. The Tribunal found no error in the FAA's decision on these issues, resulting in a mixed outcome for the appellant based on specific circumstances and legal interpretations presented during the proceedings. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242626 The Tribunal allowed the appeal in part, reversing the disallowance of liquidated damages deducted by the Government of India as not constituting a penalty but a contractual obligation. However, the disallowance of amounts written off as irrecoverable was upheld due to lack of details provided and failure to press certain grounds during the hearing. The Tribunal found no error in the FAA's decision on these issues, resulting in a mixed outcome for the appellant based on specific circumstances and legal interpretations presented during the proceedings. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242626