Amount received mistakenly and returned back with interest is allowable as deduction u/s 37

GNG Ltd Vs ACIT (ITAT Delhi) ITAT Delhi held that amount which was mistakenly received and returned with interest by virtue of order of the Court is allowable as deduction under section 37 of the Income Tax Act. Facts- It is submitted that sum of Rs. 7,81,481/- was received from M/s. Hughes Communications Ltd which had made a wrong payment and the appellant considered the credit in the bank account as its income and raised an invoice. However M/s. Hughes Communications Ltd. filed a Civil Suit and in settlement of said Civil Suit a sum of Rs. 9,00,000/- was paid by the appellant and this repay...