CIT vs.Saurashtra Cement Ltd 2010(SC)
If Supplier fails to supply within stipulated time as per agreement which provides for Liquidated damages without proof of actual loss in this case & liquidated damages recvd by assessee will b CAPITAL RECEIPT because it was not recd in course of Profit earning process
If Supplier fails to supply within stipulated time as per agreement which provides for Liquidated damages without proof of actual loss in this case & liquidated damages recvd by assessee will b CAPITAL RECEIPT because it was not recd in course of Profit earning process
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