Case Law Details
Case Name : Universal Tractor Holding LLC Vs DCIT (ITAT Delhi)
Appeal Number : ITA No. 2216/Del/2022
Date of Judgement/Order : 28/08/2024
Related Assessment Year : 2019-20
Courts :
All ITAT ITAT Delhi
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Universal Tractor Holding LLC Vs DCIT (ITAT Delhi)
ITAT Delhi held that damages are compensation received is a capital receipt, however, interest on damages is to be treated as revenue receipt hence the same is taxable.
Facts- The assessee M/s Universal Tractor Holding LLC (UTH) is a foreign company UTH entered i
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