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Supreme Court orders telcos to classify licence fee as capex instead of opex, overturns Delhi HC judgement
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₹8,000 crore of additional tax liabilities against the sector's estimated ₹3 lakh crore adjusted gross revenue (AGR) in FY24. Her expects the sector to have clsoe to ₹24,000 crore payout overall.
The Delhi HC had in 2013 ruled that telcos could consider licence fees paid post July 1999 as revenue expenditure. This judgement was challenged in the SC by the Tax Department."Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.comAbout this in other media
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