TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Deduct spectrum right-to-use costs evenly over relevant years; wrongly allowed deductions corrected under section 154 four-year window</h1> Capital expenditure incurred to acquire a right to use spectrum for telecommunication services is deductible over the relevant previous years by allowing, each year, an equal fraction of the expenditure (one divided by the number of relevant years) provided payment is actually made. The procedural and consequential rules of the corresponding licence provisions apply with 'spectrum' substituted. If a previously allowed deduction later fails to meet section requirements, it is treated as wrongly allowed, the assessing officer may recompute income and rectify under section 154 with the four-year period running from the year of failure. Relevant years and 'payment actually made' are specifically defined.
TaxTMI 
TaxTMI 
