https://www.taxtmi.com/caselaws?id=379231 The Tribunal upheld the decision to allow the claim for liquidated damages of Rs. 6,96,00,000 paid for contract cancellation, determining that the liability accrued in the Assessment Year 2011-12, not in 2010-11. Additionally, the Tribunal allowed the deferred revenue expenditure claimed by the Assessee, considering the tax deductions made during the relevant assessment years. The appeals were dismissed, and the Tribunal's order was found to be without any infirmity, raising no substantial question of law. en-us Mon, 15 Apr 2019 00:00:00 +0530 Tue, 07 Jul 2026 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379231 The Tribunal upheld the decision to allow the claim for liquidated damages of Rs. 6,96,00,000 paid for contract cancellation, determining that the liability accrued in the Assessment Year 2011-12, not in 2010-11. Additionally, the Tribunal allowed the deferred revenue expenditure claimed by the Assessee, considering the tax deductions made during the relevant assessment years. The appeals were dismissed, and the Tribunal's order was found to be without any infirmity, raising no substantial question of law. Case-Laws Income Tax Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379231