Case Law Details
Case Name : SKF Engineering & Lubrication India Pvt. Ltd Vs JCIT (ITAT Bangalore)
Related Assessment Year : : 2012-13
Courts :
All ITAT ITAT Bangalore
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
SKF Engineering & Lubrication India Pvt. Ltd Vs JCIT (ITAT Bangalore)
The assessee during the year under consideration has made a provision for liquidated damages for an amount of Rs. 49,20,000/-. The AO during the revision proceedings has disallowed the said amount on the basis that the calculation of liquidated damages is based on percentage agreed upon the time of purchase order and at the time of making the provision the assessee would not be aware of the date of delivery which a future date. Against the appeal filed
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.