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SUPREME COURT WAIVES INTEREST ON TELCOS’ LICENSE FEE INCOME TAX DUES

Why in the news? The Supreme Court waived off interest on income tax dues for telecom service providers like Bharti Airtel, Reliance, and Vodafone Idea. The waiver stemmed from a judgment on October 16, 2023, declaring telecom license fees as “capital in nature”. The Bench considered the Telecom Policy from 1999 and the lapse of …

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