https://www.taxtmi.com/caselaws?id=24941 The High Court ruled in favor of the company, holding that the claimed damages for non-supply of goods were not assessable as income for the relevant assessment year. The Court agreed with the Tribunal that the contract was likely unenforceable, and the claimed amount should not be added back as income. The judgment was delivered by SATISH CHANDRA C.J. and MUKUL GOPAL MUKHERJI J., ruling in favor of the assessee against the Department, with no costs awarded. en-us Tue, 14 Jan 1986 00:00:00 +0530 Sat, 23 Jan 2010 13:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24941 The High Court ruled in favor of the company, holding that the claimed damages for non-supply of goods were not assessable as income for the relevant assessment year. The Court agreed with the Tribunal that the contract was likely unenforceable, and the claimed amount should not be added back as income. The judgment was delivered by SATISH CHANDRA C.J. and MUKUL GOPAL MUKHERJI J., ruling in favor of the assessee against the Department, with no costs awarded. Case-Laws Income Tax Tue, 14 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24941