https://www.taxtmi.com/caselaws?id=348054 The Tribunal dismissed the appeal's grounds related to the treatment of liquidated damages as revenue receipts, disallowance of depreciation, and deduction under section 80-IA of the Income-tax Act, 1961. However, the issue of disallowance of depreciation on Plant and Machinery was restored to the AO for verification. The Tribunal directed the AO to allow depreciation if the plants were operational. The appeal was partly allowed for statistical purposes, with specific facts to be verified by the AO. en-us Mon, 11 Sep 2017 00:00:00 +0530 Fri, 15 Sep 2017 09:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348054 The Tribunal dismissed the appeal's grounds related to the treatment of liquidated damages as revenue receipts, disallowance of depreciation, and deduction under section 80-IA of the Income-tax Act, 1961. However, the issue of disallowance of depreciation on Plant and Machinery was restored to the AO for verification. The Tribunal directed the AO to allow depreciation if the plants were operational. The appeal was partly allowed for statistical purposes, with specific facts to be verified by the AO. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348054