Service providers’ revenue controversy: Who is right?

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The Comptroller & Auditor General (CAG) has said in a report that six telcos had collectively understated their gross revenues between 2006-07 and 2009-10, causing a loss to the national exchequer. Telcos have disputed the findings, saying the problem was with the way adjusted gross revenue (AGR) was defined, leading to different interpretations. They say the long-pending issue was already under litigation in various judicial forums, including the TDSAT, high courts and the Supreme Court. Take a look…

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