Arbitration Award from 2006 Approved as Expenditure for Fiscal Year 2007-2008 After Audit Finalization in September 2006.

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....Allowance of arbitration award as expenditure – prior period - The award was passed on 20th July, 2006 and accounts were finalized and audited on 12th September, 2006 i.e. after the date of order - this can be allowed as an expenditure in year 07-08. - AT....