https://www.taxtmi.com/caselaws?id=765422 The ITAT Delhi held that telecommunication spectrum license fees paid under the 1994 policy regime must be capitalized and amortized, not treated as revenue expenditure. Following the SC decision in a sister concern case, the tribunal determined that license fees paid to DTO under Telecom Policy 1999 were capital in nature. There was no basis to reclassify these payments as revenue expenditure under the 1999 policy regime. The Revenue's appeal was allowed. en-us Wed, 29 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765422 The ITAT Delhi held that telecommunication spectrum license fees paid under the 1994 policy regime must be capitalized and amortized, not treated as revenue expenditure. Following the SC decision in a sister concern case, the tribunal determined that license fees paid to DTO under Telecom Policy 1999 were capital in nature. There was no basis to reclassify these payments as revenue expenditure under the 1999 policy regime. The Revenue's appeal was allowed. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765422