https://www.taxtmi.com/caselaws?id=765422 Licence fee paid for telecom spectrum rights was characterised as capital expenditure because it secured a composite and enduring right to establish, maintain and operate telecommunication services. The Tribunal followed the Supreme Court view in a sister concern matter and held that the payment could not be split into revenue and capital components merely because it was spread over time. The mode or timing of payment did not alter the capital nature of the outlay, and the Revenue's appeal succeeded. en-us Wed, 29 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765422 Licence fee paid for telecom spectrum rights was characterised as capital expenditure because it secured a composite and enduring right to establish, maintain and operate telecommunication services. The Tribunal followed the Supreme Court view in a sister concern matter and held that the payment could not be split into revenue and capital components merely because it was spread over time. The mode or timing of payment did not alter the capital nature of the outlay, and the Revenue's appeal succeeded. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765422