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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

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

Income Tax

May 8, 2012

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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