2016 (11) TMI 1702

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..... Standing Counsel. For the Respondent : Mr. Sachit Jolly, Advocate. ORDER The question urged by the revenue is "whether the payments made were capital or revenue in nature?". The assessee had urged that in the light of the National Telecom Policy 1999, the payments -made on quarterly basis were not capital- that is for depreciation under Section 32 but entitled to be treated as revenue e....