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

Charges for Overloading Wagons by Railways Deemed Compensatory, Not Disallowed u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=3643 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 en-us Tue, 08 May 2012 08:40:18 +0530 Tue, 08 May 2012 08:40:18 +0530 TaxTMI RSS Generator Charges for Overloading Wagons by Railways Deemed Compensatory, Not Disallowed u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=3643 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 Highlights Income Tax Tue, 08 May 2012 08:40:18 +0530 https://www.taxtmi.com/highlights?id=3643