https://www.taxtmi.com/caselaws?id=789585 Liquidated damages, underwriting commission and structuring fees connected with finance or credit facilities fall within the inclusive definition of interest, making them eligible for exemption under section 10(23G). The definition covers interest payable in respect of borrowed money or debt and charges connected with unutilised credit facilities. Deductions for profits from long-term finance and for the separate statutory allowance under section 36 operate independently. The amended computation method for the long-term finance deduction does not require its prior reduction before calculating the other deduction. The identified issues were resolved in favour of the assessee. en-us Tue, 20 Jan 2026 00:00:00 +0530 Mon, 07 Sep 2026 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789585 Liquidated damages, underwriting commission and structuring fees connected with finance or credit facilities fall within the inclusive definition of interest, making them eligible for exemption under section 10(23G). The definition covers interest payable in respect of borrowed money or debt and charges connected with unutilised credit facilities. Deductions for profits from long-term finance and for the separate statutory allowance under section 36 operate independently. The amended computation method for the long-term finance deduction does not require its prior reduction before calculating the other deduction. The identified issues were resolved in favour of the assessee. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789585