News & Media 21st May 2024
The Supreme Court of India has provided a substantial financial reprieve to telecom giants by waiving the interest on tax dues stemming from its October 2023 judgment. This move is expected to save the companies approximately ₹3,000 crore. In a significant shift from a 2013 Delhi High Court ruling, the Supreme Court in October declared that annual license fees paid by telecom operators should be treated as capital expenditure, not revenue expenditure.
The Telegraph writes on “Relief for Airtel, Vodafone Idea, Tata Communications as Supreme Court waives interest on tax dues” with expert comments from our Partner Rahul Charkha.
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