The Supreme Court on Friday dismissed the functions filed by telecom majors, together with Vodafone Idea and Bharti Airtel, towards alleged errors in calculation within the determine of Adjusted Gross Revenue (AGR) associated dues payable by them.
Pronouncing the order, a bench headed by Justice L Nageswara Rao stated, “All the miscellaneous applications are dismissed.”
The Supreme Court, on Monday, had reserved its order within the AGR case whereby Vodafone Idea, Bharti Airtel and Tata Telecommunications sought rectification of errors by the Department of Telecommunications (DoT) within the calculation of the dues. Last September, the apex courtroom had reaffirmed the dues payable by these telecom firms to the DoT.
Here is a timeline of the case:
2005: Cellular Operators Association of India transfer the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) difficult the definition of AGR. While the DoT stated that AGR contains all revenues (prior reductions) from each telecom and non-telecom companies, the businesses argued that AGR ought to solely comprise the income from core telecom companies.
2015: The TDSAT guidelines that AGR contains all revenues besides capital receipts and income from non-telecom sources akin to hire, dividend, curiosity, revenue on the sale of fastened property and miscellaneous earnings.
October 2019: SC upholds the DoT’s definition of AGR and stated for the reason that licensee had agreed to the migration packages, they had been liable to pay the dues, the penalty on dues, and the curiosity on penalty as a consequence of delay in funds. The high courtroom had then given the telcos three months to clear their AGR dues.
November 2019: Telecom firms search a assessment of the Supreme Court’s earlier ruling on the matter.
January 2020: Telecom firms miss the deadline for the fee of their AGR dues.
July 2020: Supreme Court declares that there will be no adjustment of dues and that the AGR calculation is last, confirming DoT calls for of 1.56 lakh crore.
September 2020: The Supreme Court declares that the telecom firms must pay the AGR dues inside 10 years.
January 2021: Bharti Airtel strikes an utility earlier than the Supreme Court searching for a modification of the AGR dues. The utility seeks correction of the arithmetic ‘errors’ within the calculation of the dues.
July 19, 2021: Vodafone Idea joins Airtel’s plea. Supreme Court reserves judgement on the matter, seeks Central authorities response in Telecom firms plea alleging errors within the computation of AGR dues.
July 23, 2021: The Supreme Court dismisses the functions filed by telecom majors, together with Vodafone Idea and Bharti Airtel, towards alleged errors in calculation within the determine of Adjusted Gross Revenue associated dues payable by them.
