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of <h1>Deduction on Capital Expenditure for Telecommunication Spectrum Use under Section 35ABA; Compliance Crucial for Retaining Benefits.</h1> Section 35ABA, introduced in the Income-tax Act by the Finance Act, 2016, effective April 1, 2017, allows for a deduction on capital expenditure incurred to acquire the right to use spectrum for telecommunication services. This deduction is applicable over the relevant previous years, with the fraction determined by dividing one by the total number of such years. If compliance with the section's provisions is not met, previously granted deductions may be re-evaluated and rectified by the Assessing Officer. The section also aligns with provisions from section 35ABB regarding the substitution of 'spectrum' for 'licence.'
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