https://www.taxtmi.com/caselaws?id=387919 An unambiguous contractual definition of gross revenue in a telecom licence governed licence-fee computation and could not be narrowed by ordinary business revenue concepts or accounting standards. The Court treated the migration package as a binding contractual arrangement, held that the inclusive wording covered revenue from non-licensed activities and specified receipts, and rejected attempts to exclude items such as discounts, commissions, exchange gains, asset-sale gains, insurance receipts, deposits, interest, dividend and similar heads unless the agreement or facts placed them outside the charge. Interest and penalty for delayed payment were enforceable because the licence expressly provided for those consequences. en-us Thu, 24 Oct 2019 00:00:00 +0530 Tue, 05 Nov 2019 10:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387919 An unambiguous contractual definition of gross revenue in a telecom licence governed licence-fee computation and could not be narrowed by ordinary business revenue concepts or accounting standards. The Court treated the migration package as a binding contractual arrangement, held that the inclusive wording covered revenue from non-licensed activities and specified receipts, and rejected attempts to exclude items such as discounts, commissions, exchange gains, asset-sale gains, insurance receipts, deposits, interest, dividend and similar heads unless the agreement or facts placed them outside the charge. Interest and penalty for delayed payment were enforceable because the licence expressly provided for those consequences. Case-Laws Indian Laws Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387919