Interest on Delayed DTH Licence Fee Recognized as Deductible Liability

Bharti Telemedia Ltd Vs DCIT (ITAT Delhi) Variable licence fee of DTH operator not hit by s.35ABB; interest provision is ascertained liability — ITAT Delhi Delhi Tribunal partly allowed Assessee’s appeals & dismissed Revenue appeals. Tribunal held that variable licence fee paid by a DTH operator to Ministry of Information & Broadcasting (MIB) is not covered by s.35ABB, as DTH/broadcasting services are distinct from telecommunication services contemplated under the Act. Tribunal observed that s.35ABB applies only to capital expenditure incurred for acquiring right to operate telecom...