Partial Relief to Vodafone: Delhi HC Orders Reassessment of ₹5.10 Crore Asset Restoration Cost u/s 37 of Income Tax [Read Order]
Delhi HC grants partial relief to Vodafone, orders reassessment of Rs. 5.10 crore Asset Restoration Cost under Section 37 for possible business deduction
By Kavi Priya - On March 15, 2025 4:51 pm - 2 mins read
In a recent ruling, the Delhi High Court granted partial relief to Vodafone by directing the reassessment of Rs. 5.10 crore claimed as Asset Restoration Cost (ARC) under Section 37 of the Income Tax Act. Vodafone Mobile Services Ltd. had challenged the disallowance of Rs. 5.10 crore, which it had provisioned for restoring telecom tower…
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