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Income Tax - Highlights / Catch Notes

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Disallowance as the overloading charges - Railway Punitive ...

Income Tax

January 18, 2018

Disallowance as the overloading charges - Railway Punitive Charges - payments made to the railways for overloading of the wagons is compensatory in nature and cannot be disallowed under Explanation to Section 37(1) of the Act. - AT

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