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![Payment of demurrage & Penalty Charges are not Penal in nature, Deduction is Allowable: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Payment of demurrage & Penalty Charges are not Penal in nature, Deduction is Allowable: ITAT Kolkata [Read Order]")
Payment of demurrage & Penalty Charges are not Penal in nature, Deduction is Allowable: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal, recently ruled that the demurrage charges and penalty charges paid by a contractor to the...