https://www.taxtmi.com/caselaws?id=177696 The High Court upheld the Tribunal's decision to delete the addition of interest payable on license fee under section 35ABB of the IT Act, 1961. It emphasized the distinction between royalty fee and license fee, clarifying that license fee is for operating telecommunication services while royalty fee is for radio frequency usage. The Court also affirmed the Tribunal's interpretation regarding the distinction between royalty payable to the Wireless Planning and Co-ordination (WPC) and the license fee, stating that the license fee does not include royalty fee to the WPC Wing. Additionally, the Court ruled in favor of the Revenue regarding the payment made to the Registrar of Companies for share capital increase, based on legal precedents. en-us Thu, 04 Dec 2008 00:00:00 +0530 Fri, 15 Jan 2016 11:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177696 The High Court upheld the Tribunal's decision to delete the addition of interest payable on license fee under section 35ABB of the IT Act, 1961. It emphasized the distinction between royalty fee and license fee, clarifying that license fee is for operating telecommunication services while royalty fee is for radio frequency usage. The Court also affirmed the Tribunal's interpretation regarding the distinction between royalty payable to the Wireless Planning and Co-ordination (WPC) and the license fee, stating that the license fee does not include royalty fee to the WPC Wing. Additionally, the Court ruled in favor of the Revenue regarding the payment made to the Registrar of Companies for share capital increase, based on legal precedents. Case-Laws Income Tax Thu, 04 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177696