1986 (2) TMI 110

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....utters, rolling grills and collapsible gates etc. 2. The question involved relates to the claim of Rs. 54,920 relating to damages paid to DDA. The case of the assessee was that these damages were realised by the DDA for the use and occupation of the business premises in Block-B, Jhandewala Extention, near T. B. Clinic.M. M. Road,New Delhi. However, the ITO disallowed the assessee's claim on two....

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....not justified in taking the view that this amount represented the amount of penalty of fine. In terms of the provisions referred to above, it only represented the compensation for wrongful use and occupation of the property. This payment was made by the assessee in the interests of its business. Secondly, the order of the Estate Officer was passed on27th June, 1980i.e. in the accounting period rel....