AAAR : Upholds AAR, fee retained towards forfeited loyalty reward points not 'actionable claim', taxable as ‘service’

AAAR upholds order of AAR which held that amount retained by appellant due to expiry of Payback points constitutes a consideration for supply of services by appellant to its partners; Notes that entire consideration is flowing from partners under the same contract – fixed and variable, fixed component is called Management fee, whereas the variable amount accrues on account of leftover unredeemed payback points, known as service charges; While AAR accepted appellant's conten...