https://www.taxtmi.com/caselaws?id=15741 Damages paid under section 14B of the Employees' Provident Funds and Family Pension Fund Act were addressed in light of Supreme Court rulings holding that such damages contain both compensatory and penal elements. The competent authority must determine, from the Act and the reasons recorded in the damages order, what portion is compensatory and what portion is penal before the deductibility issue can be decided. As the Tribunal had not examined the matter on that basis, the High Court did not answer the reference on the existing record and remitted the matter for fresh consideration in accordance with the governing Supreme Court law. en-us Wed, 14 Jul 1999 00:00:00 +0530 Thu, 27 Aug 2009 13:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15741 Damages paid under section 14B of the Employees' Provident Funds and Family Pension Fund Act were addressed in light of Supreme Court rulings holding that such damages contain both compensatory and penal elements. The competent authority must determine, from the Act and the reasons recorded in the damages order, what portion is compensatory and what portion is penal before the deductibility issue can be decided. As the Tribunal had not examined the matter on that basis, the High Court did not answer the reference on the existing record and remitted the matter for fresh consideration in accordance with the governing Supreme Court law. Case-Laws Income Tax Wed, 14 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15741