Facts of the
Case
The dispute in the present case concerned the
treatment of licence fee paid by telecom service providers to the Department of
Telecommunications and the nature of interest paid on delayed payment of such
licence fee.
The Revenue challenged the order of the Tribunal on
the ground that the interest on delayed payment of licence fee could not be
amortised under Section 35ABB of the Income Tax Act.
The central issue was whether the telecom licence
fee and the corresponding interest paid on delayed payment should be treated as
capital expenditure or revenue expenditure. The Court noted that the issue had
already been considered in the earlier judgment of CIT vs Bharti Hexacom.
Issues
Involved
- Whether telecom licence fee payable to the Department of
Telecommunications is capital expenditure or revenue expenditure?
- Whether interest paid on delayed payment of licence fee takes the
same character as the licence fee itself?
- Whether such interest qualifies for deduction under Section 35ABB?
Petitioner’s
Arguments (Revenue)
- The Revenue contended that interest on delayed payment of licence
fee could not be amortised under Section 35ABB.
- It was argued that where the principal licence fee was capital in
nature, the interest attributable thereto should also be capitalised.
- The Revenue relied on the earlier judicial findings in Bharti
Hexacom for determination of the issue.
Respondent’s
Arguments (Assessee)
- The assessee argued that the interest paid on delayed payment of
licence fee under the 1999 telecom policy was revenue expenditure.
- It was submitted that the delayed payment interest pertained to
revenue-sharing licence fee payable after 31 July 1999 and should
therefore be treated as revenue in nature.
- The assessee further contended that there was no factual dispute
regarding the period to which such payment related.
Court
Findings / Order
The Delhi High Court followed its earlier decision
in Commissioner of Income Tax vs Bharti Hexacom (2014) 221 Taxman 323 (Del.)
and reiterated the legal position:
- Licence fee payable up to 31 July 1999 is capital expenditure.
- Licence fee payable after 1 August 1999 under revenue-sharing arrangement is revenue expenditure.
- Capital expenditure would qualify for deduction under Section
35ABB.
- Interest on delayed payment would take the character of the
underlying licence fee.
The Court clarified that:
- If the interest relates to licence fee for the period prior to 31
July 1999, it must be capitalised.
- If the interest relates to licence fee for the period after 31 July
1999, it will be revenue expenditure.
Since the factual matrix was not clear on record,
the matter was remanded back to the Assessing Officer for fresh adjudication.
The question of law was decided in favour of the
Revenue and against the assessee. The appeals were partly allowed.
Important
Clarification
This judgment reinforces that the nature of
interest on delayed payment follows the nature of the principal liability.
The Court clearly distinguished between the pre-31
July 1999 fixed licence fee regime and the post-1 August 1999 revenue-sharing
regime, which is crucial for telecom tax litigation.
Sections
Involved
- Section 35ABB – Expenditure for acquiring
telecom licence
- Section 37(1) – Business expenditure
(general deduction principle)
- Income Tax Act, 1961
Link to
Download the Order
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