AGR case: Supreme Courtroom might pronounce verdict on recomputation of dues tomorrow
The Supreme Courtroom will pronounce its judgment on Airtel, Vodafone-Thought’s pleas searching for route for correction of errors in Adjusted Gross Income (AGR) calculation on 23 July, 2021.
The SC bench headed by Justice LN Rao is prone to pronounce judgment tomorrow at 10:30 am. The decision was slated to be pronounced at this time however was cancelled on the final hour
Vodafone-Thought claimed that it’s about to go beneath, cited dues of ₹1.8 lakh crore and sought correction of arithmetic errors, whereas Bharti Airtel claimed duplication, unaccounted funds, disallowed deductions.
On Monday, the apex courtroom reserved the order on these two telcos searching for correction of errors in demand.
The apex courtroom in September final 12 months had given 10 years time to telecom service suppliers struggling to pay rupees 93,520 crores of AGR associated dues to clear their excellent quantity to the federal government.
A bench headed by Justice L N Rao referred to the sooner order handed by the apex courtroom within the matter and noticed that they mentioned no re-assessment of AGR associated dues will be carried out.
Nevertheless, the businesses submitted that arithmetical errors will be rectified and there are instances of duplication of entries.
Senior advocate Mukul Rohatgi, showing for Vodafone Thought, mentioned they weren’t blaming the Division of Telecommunications (DoT) for it as there are arithmetical entries.
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He mentioned they wish to place the entries earlier than the division in order that they’ll re-consider it.
The bench additionally noticed that the highest courtroom had earlier mentioned that there can’t be any re-assessment.
The highest courtroom mentioned another functions, together with these elevating the query whether or not airwaves or spectrum will be transferred or bought by telecoms as a part of their belongings, could be heard after two weeks.
In its September final 12 months order, the apex courtroom had mentioned that telecom operators shall make the fee of 10 per cent of the full dues as demanded by DoT by March 31, 2021 and relaxation quantity to be paid in yearly instalments commencing from April 1, 2021 to March 31, 2031.
The highest courtroom, which had held that demand raised by the DoT in respect of AGR dues will likely be last, had mentioned there shall be no dispute raised by the telcos and that there shall not be any re-assessment.
The apex courtroom had in October 2019 delivered its verdict on the AGR concern.
The DoT in March final 12 months had moved a plea within the prime courtroom searching for permission for permitting staggered fee of the dues by telcos over a interval of 20 years.