HC: Bharti Airtel challenges credit-restriction on telecommunication tower u/s 17 before Delhi HC

Delhi HC hears writ filed by Bharti Airtel Ltd. (Petitioner), a telecom operator, challenging validity of Section 17 (5)(d) to the extent it debars ITC on construction of Immovable Property and Explanation to Section 17 to the extent it excludes ‘telecommunication towers’ from meaning of term ‘Plant and Machinery’; A letter was issued by Additional Assistant director, DDGI holding a conclusive view that Assessee is not eligible to claim such ITC in...