Punitive charges paid to the Railways - Allowable Revenue...

Punitive charges paid to the Railways - Allowable Revenue expenditure u/s 37 - whether the punitive charges paid to the Railways for alleged violation of the provision of Indian Railway Act could be allowable as expenditure? - whether deduction can be claimed by the assessee in respect of such expenditure? -when the respondent/assessee loads the goods for dispatch through railway wagons actual measurement of weight cannot be done due to absence of weighing bridge at the originating station. Thus, we find that the Tribunal rightly decided the issue in favour of the respondent/assessee. - HC

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