Friday, September 4, 2020

SC allows telecom companies to pay AGR dues arising from use of spectrum within 10 years in equal installments

COMPANY LAW/INDIAN TELEGRAPH ACT : Where there were huge arrears on telecom companies concerning spectrum licence, telecom companies were to be allowed to pay Adjusted Gross Revenue (AGR) charges within a period of ten years in equal yearly instalments and for demand raised by Department of Telecom in respect of AGR dues determined by instant Court, there shall not be any dispute raised by any Telecom Operator and there shall not be any reassessment Further,

from www.taxmann.com Latest Case Laws https://ift.tt/2Z3itB4

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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