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telecom sector | Relief for Airtel, Vodafone Idea, Tata Communications as Supreme Court waives interest on tax dues

telecom sector | Relief for Airtel, Vodafone Idea, Tata Communications as Supreme Court waives interest on tax dues
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Bharti airtelVishwas panjiarUjjal bhuyanHigh courtTata communicationsSupreme courtDelhi high courtNangia andersenVodafone ideaNew telecom policyTelecom policyEconomic laws practice

Relief for telcos as SC waives interest on income tax dues

Supreme Court waives interest on income tax dues for telecom companies, treating license fee as capital expenditure.

Vishwas panjiarBharti hexacomSupreme courtPartner at nangia andersenIncome taxNew telecom policyTelecom policyNangia andersen

Supreme Court ruling gives telcos around ₹3,000 crore of savings

The apex court has waived off the interest levy on tax arising from its October 2023 ruling that said annual licence fees paid by telcos would be treated as capital expenditure, which are not tax deductible.

Ujjal bhuyanVishwas panjiarPrashant singhalBharti hexacomApex courtHonble supreme courtNangia andersenTata communicationsCellular operators association of indiaHigh courtSupreme courtDelhi high courtTelecom policyVodafone ideaHon ble supreme courtCellular operators association

Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax

The Supreme Court of India permits re-distribution of wealth using family arrangement among the members of the family. Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process.

Subham chatterjeeVishwas panjiarNangia andersenSupreme courtBombay high courtPrincipal associateIncome tax actRegistration act

Bankruptcy rescues have soared this year Here is why

Data available from IBBI showed that from 2016 (when IBC became operational) to December 2023, bankruptcy resolution plans were approved for 891 companies

Mukesh chandAnoop rawatVishwas panjiarNangia andersen llpSupreme courtRainbow papers ltdNational company law tribunalShardul amarchand mangaldas coBankruptcy boardBankruptcy codeShardul amarchand mangaldasEconomic laws practiceFinancial reconstructionInsolvency and bankruptcy codeInsolvency and bankruptcy board of india

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