Modi Government 3.0 presented the first full Budget on July 23, 2024. As a first full budget of the new coalition government, reforms were expected on several policy, tax and regulatory front. Keepi...
In a significant development, the Supreme Court concluded the debate on whether variable license fee should be classified as capital or revenue expenditure after almost 24 years. The Supreme Court overturned the decision of the Delhi High Court and upheld the argument of the Revenue to treat variable license fee as a capital expenditure. This is likely to have reaching implications for several companies in particular telecom companies.
