Punitive charges paid to Railways for overloading of the wagons ...

Charges for Overloading Wagons by Railways Deemed Compensatory, Not Disallowed u/s 37(1) of Income Tax Act.

May 8, 2012

Case Laws Income Tax AT

Punitive charges paid to Railways for overloading of the wagons is compensatory in nature, therefore, the same cannot be disallowed by invoking the provisions of Explanation to section 37(1) - AT

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Punitive charges paid to Railways for overloading of the wagons ...

Charges for Overloading Wagons by Railways Deemed Compensatory, Not Disallowed u/s 37(1) of Income Tax Act.

May 8, 2012

Case Laws Income Tax AT

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