https://www.taxtmi.com/caselaws?id=374201 The Court allowed the deduction of project risk expenses as the liability had crystallized, making it non-contingent and thus deductible in the Assessment Year 2007-08. Additionally, the exclusion of expenses incurred in foreign exchange towards technical services from total turnover under Section 10A of the Act was upheld based on established principles, leading to the dismissal of the appeal. en-us Wed, 23 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 08:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374201 The Court allowed the deduction of project risk expenses as the liability had crystallized, making it non-contingent and thus deductible in the Assessment Year 2007-08. Additionally, the exclusion of expenses incurred in foreign exchange towards technical services from total turnover under Section 10A of the Act was upheld based on established principles, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374201