https://www.taxtmi.com/caselaws?id=376345 The High Court held in favor of the appellant, ruling that the appellant was entitled to exemption under Section 10(23G) for liquidated damages as they fell under the definition of "interest" in the Income Tax Act. Additionally, the court determined that the deduction under Section 36(1)(viia)(c) should be calculated independently without reducing the income by the deduction under Section 36(1)(viii). The court allowed the Tax Case Appeal with no costs. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 27 Mar 2019 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376345 The High Court held in favor of the appellant, ruling that the appellant was entitled to exemption under Section 10(23G) for liquidated damages as they fell under the definition of "interest" in the Income Tax Act. Additionally, the court determined that the deduction under Section 36(1)(viia)(c) should be calculated independently without reducing the income by the deduction under Section 36(1)(viii). The court allowed the Tax Case Appeal with no costs. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376345