right
to use spectrum and hence covered it under section 35ABB of the Act.
After allowing depreciation @ 25%, he made an addition ... record. It is observed that the AO invoked the provisions of
section 35ABB for making the addition. This section, in turn,
5
ITA Nos.1950
entire expenditure was capital in nature falling within the terms of
Sec.35ABB and the assessee was eligible for deduction as per the conditions under ... 35ABB and not the entire expenditure claimed.
2.2 The learned CIT(A) failed to appreciate that the AO had treated the
expenditure as capital
specifically
provided so therein as in Sections 35A and 35ABB of the Act;
Uday S. Jagtap 8 of 19
::: Uploaded on - 27/04/2018 ::: Downloaded ... later Sections
35ABA of the Act (w.e.f. 2017) and Section 35ABB of the Act (w.e.f.
1996) has also provided for deduction
consideration for obtaining the telecom license and hence is
amortisable u/s 35ABB of the Act.
Ground No. 2- Disallowance of loss incurred on diminution ... account as the claim made by the assessee
company under section 35ABB of the Income-tax Act, 1961 (for
short
copy right. Section 35AB deals with expenditure
on know-how. Section 35ABB deals with expenditure for obtaining licence to
operate telecommunication services. Section 35AC deals
amortization of
licence fee u/s 35ABB . The assessee claimed that the expenditure on
account of licence fee was revenue. Not convinced, the AO aggregated ... amounting to Rs.20.83 lac. Applying the provisions of
section 35ABB on such aggregated amount, he made an addition
assessee has given details of amount
admissible u/ss 33AB, 33AC, 35, 35ABB, 35AC, 35CCA, 35CCB, 35D &
35E as under:
Name of the Institution
