https://www.taxtmi.com/caselaws?id=771140 ITAT Delhi held that transponder fees paid by a telecom operator constitutes capital expenditure based on SC precedent in Bharti Hexacom Ltd., which classified such payments as acquisition of rights essential for telecommunication operations despite installment payments. The matter was remitted to First Appellate Authority for fresh consideration as it failed to address the assessee's argument that transponder fees were historically treated as revenue expenditure. Additionally, ITAT allowed the appeal regarding waiver of interest under section 234B, directing the AO to waive interest following SC directions in Bharti Hexacom. en-us Mon, 19 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771140 ITAT Delhi held that transponder fees paid by a telecom operator constitutes capital expenditure based on SC precedent in Bharti Hexacom Ltd., which classified such payments as acquisition of rights essential for telecommunication operations despite installment payments. The matter was remitted to First Appellate Authority for fresh consideration as it failed to address the assessee's argument that transponder fees were historically treated as revenue expenditure. Additionally, ITAT allowed the appeal regarding waiver of interest under section 234B, directing the AO to waive interest following SC directions in Bharti Hexacom. Case-Laws Income Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771140