Dismissing the appeal of the revenue the Court held that Expenditure for obtaining Licence to operate telecommunication services is held to be revenue expenditure. Followed CIT v. Bharati Hexacom Ltd. (2019) 417 ITR 250 (Delhi) (HC)
CIT v. Bharti Telemedia Ltd. (2019) 417 ITR 248 (Delhi)(HC)
S. 37(1) : Business expenditure—Capital or revenue-Expenditure for obtaining Licence to operate telecommunication services— Held to be revenue expenditure. [S. 35ABB]