https://www.taxtmi.com/highlights?id=41297 Claim of Liquidated damages - ascertained liability - Admittedly, in the instant case, no such past events have been placed before the Assessing Officer to show that there is every probability that the expenditure will be incurred. At best, the assessee can pitch their case as a case of possibility but, not a case of probability. en-us Fri, 07 Sep 2018 15:31:39 +0530 Fri, 07 Sep 2018 15:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=41297 Claim of Liquidated damages - ascertained liability - Admittedly, in the instant case, no such past events have been placed before the Assessing Officer to show that there is every probability that the expenditure will be incurred. At best, the assessee can pitch their case as a case of possibility but, not a case of probability. Highlights Income Tax Fri, 07 Sep 2018 15:31:39 +0530 https://www.taxtmi.com/highlights?id=41297