Amount of service tax paid but not realized from client is allowable as business expenditure: AAR

INCOME TAX : Where assessee-company, incorporated to carry on business of providing technical consultancy relating to coal mining and related activities, rendered services to a company namely, 'SPL' under an Association Agreement but 'SPL' did not honour its obligations under said agreement and therefore, assessee claimed its past dues for development fee, for reimbursement of expenses and of liquidated damages,

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