https://www.taxtmi.com/caselaws?id=26651 The High Court ruled in favor of the assessee, allowing the deductions claimed for recoveries made by military authorities as business expenditure under the Income-tax Act, 1961. The court disagreed with the Tribunal's decision, stating that such recoveries were allowable despite being damages for breach of contract. The assessee's position was upheld for the assessment years 1968-69, 1969-70, and 1970-71, with each party bearing their own costs. en-us Tue, 23 Jul 1985 00:00:00 +0530 Sat, 06 Feb 2010 15:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26651 The High Court ruled in favor of the assessee, allowing the deductions claimed for recoveries made by military authorities as business expenditure under the Income-tax Act, 1961. The court disagreed with the Tribunal's decision, stating that such recoveries were allowable despite being damages for breach of contract. The assessee's position was upheld for the assessment years 1968-69, 1969-70, and 1970-71, with each party bearing their own costs. Case-Laws Income Tax Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26651