Business Budget 2020: Will the troubled telecom sector get some respite? Updated : January 29, 2020 02:01 PM IST It has been a long-pending ask of the industry that the ‘royalty’ definition under the IT Act should be amended to exclude payments for standard services. The industry is hoping for a framework being announced for fast-tracking tax litigation and release of tax refunds. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.