https://www.taxtmi.com/caselaws?id=459654 Delhi HC ruled on two tax issues: First, regarding unearned revenue addition, the court upheld the Tribunal's finding that amounts were properly offered to tax when services were rendered, following consistent accounting practice over several years with no revenue loss due to same tax rates. Second, concerning provision for liquidated damages, the court set aside the Tribunal's order and remanded the matter for reconsideration, following directions from another appeal. The case was scheduled for Tribunal hearing on specified date. en-us Fri, 28 Jul 2023 00:00:00 +0530 Mon, 20 Jan 2025 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459654 Delhi HC ruled on two tax issues: First, regarding unearned revenue addition, the court upheld the Tribunal's finding that amounts were properly offered to tax when services were rendered, following consistent accounting practice over several years with no revenue loss due to same tax rates. Second, concerning provision for liquidated damages, the court set aside the Tribunal's order and remanded the matter for reconsideration, following directions from another appeal. The case was scheduled for Tribunal hearing on specified date. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459654