Revenue Sharing License Fee paid fixedly for Telecommunication is allowable as Deduction: ITAT restores issue of Vi to AO for Verification [Read Order]

By Taxscan Team - On December 1, 2022 12:42 pm - 2 mins read
Revenue - License Fee - Telecommunication - Deduction - ITAT - Vi - Income Tax - taxscan

In a significant ruling in the case of Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the Revenue sharing license fee paid fixedly to the department of telecommunication is allowable as a deduction. The assessee challenged the disallowance of Revenue sharing license fees amounting to…

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