Indian Supreme Court ruling benefits telecom firms by allowing tax credits on infrastructure.

The Supreme Court of India has ruled in favor of telecom companies, allowing them to claim tax credits on infrastructure duties. This overturns a previous Bombay High Court decision that had classified items like tower components as non-capital goods, preventing companies from claiming credits. Telecom giants such as Bharti Airtel, Vodafone, and Tata Teleservices are set to benefit from this financial relief.

November 20, 2024
15 Articles