PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA vs. M/S ITC LTD
ITAT/89/2025HC Calcutta21 Jul 2025
Bench: The Learned Tribunal – One By The Assessee & The Other By The Revenue Which Have Been Disposed Of By A Common Order, Impugned In This Appeal. 2. The Revenue Has Raised The Following Substantial Questions Of Law For Consideration :
For Appellant: Mr. Prithu Dudhoria, AdvocateFor Respondent: Mr. J.P. Khaitan, Senior Advocate
Section 14ASection 260ASection 37(1)Section 40a
gain resulting on other receivable/payables treating the
same to be notional in nature?
(d) Whether the Learned Income Tax Appellate Tribunal was justified in
deleting the addition of Rs.1,49,54,059/- by holding that the same
being liquidated damages received from the suppliers on account of
delayed installation of machineries and delayed construction of
3
building was a capital
