https://www.taxtmi.com/caselaws?id=12185 The High Court affirmed the Tribunal's decision, ruling in favor of the assessee and against the Revenue. The Court held that the sum claimed by the assessee as withheld by the Indian Railways for past damages and losses was an admissible deduction. The Court emphasized that the unrealized amount could not be considered as income, supporting the Tribunal's decision to allow the deduction. en-us Tue, 06 Aug 2002 00:00:00 +0530 Thu, 18 Feb 2010 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12185 The High Court affirmed the Tribunal's decision, ruling in favor of the assessee and against the Revenue. The Court held that the sum claimed by the assessee as withheld by the Indian Railways for past damages and losses was an admissible deduction. The Court emphasized that the unrealized amount could not be considered as income, supporting the Tribunal's decision to allow the deduction. Case-Laws Income Tax Tue, 06 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12185