The Delhi High Court has rejected the New Delhi Municipal Council’s application to throw out Indian Hotels Company’s suits seeking a COVID-era licence fee waiver of about Rs 46 crore for the Taj Mahal Hotel and The Connaught, leaving the claims to be decided at trial.
The Supreme Court waived interest on telecom companies’ outstanding license fee dues, providing relief amid financial struggles. Ruling impacts major firms, aiming to stabilize the industry and support growth. This decision follows a classification change, deeming yearly license fees not a revenue expense. Telecommunications companies petitioned for review citing concerns over taxable income. Supreme Court refused reconsideration but expressed willingness to explore exempting post-1999 interest.
