https://www.taxtmi.com/caselaws?id=308650 Foreign-currency award amounts were to be converted by reference to the relevant enforcement date, because no binding agreement fixed an earlier exchange-rate cut-off and the without-prejudice payments did not amount to final discharge of the award. TDS could not generally be deducted from sums paid in satisfaction of an award unless authorised by law, although limited credit was allowed for the amount actually absorbed against tax liability. Charges for extending bank guarantees were not reimbursable, as the later guarantees were voluntarily furnished and the enforcement mechanism did not provide for such costs. en-us Fri, 19 Mar 2021 00:00:00 +0530 Tue, 11 Jul 2023 21:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308650 Foreign-currency award amounts were to be converted by reference to the relevant enforcement date, because no binding agreement fixed an earlier exchange-rate cut-off and the without-prejudice payments did not amount to final discharge of the award. TDS could not generally be deducted from sums paid in satisfaction of an award unless authorised by law, although limited credit was allowed for the amount actually absorbed against tax liability. Charges for extending bank guarantees were not reimbursable, as the later guarantees were voluntarily furnished and the enforcement mechanism did not provide for such costs. Case-Laws Indian Laws Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308650