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SC allows telecom companies to pay AGR dues arising from use of spectrum within 10 years in equal installments

September 4, 2020[2020] 119 taxmann.com 26 (SC)
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COMPANY LAW/INDIAN TELEGRAPH ACT : Where there were huge arrears on telecom companies concerning spectrum licence, telecom companies were to be allowed to pay Adjusted Gross Revenue (AGR) charges within a period of ten years in equal yearly instalments and for demand raised by Department of Telecom in respect of AGR dues determined by instant Court, there shall not be any dispute raised by any Telecom Operator and there shall not be any reassessment Further, in event of any default in making payment of annual instalments, interest would become payable as per agreement along with penalty and interest on penalty automatically without reference to Court Besides, it would be punishable for contempt of Court

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