Telecom licence fee deduction extended to licences acquired at any time, with demerger transfer and deduction exclusivity rules. The amendment broadens entitlement to deduction for acquiring rights to operate telecommunication services to licences obtained before business commencement or at any later time, redefines relevant previous years to depend on timing of licence fee payment and licence duration, provides that on demerger a transferred licence is treated as belonging to the resulting Indian company (with the demerged company exempted from certain subsections), and establishes that a deduction allowed under this provision bars a deduction under the general depreciation provision for the same or subsequent years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Telecom licence fee deduction extended to licences acquired at any time, with demerger transfer and deduction exclusivity rules.
The amendment broadens entitlement to deduction for acquiring rights to operate telecommunication services to licences obtained before business commencement or at any later time, redefines relevant previous years to depend on timing of licence fee payment and licence duration, provides that on demerger a transferred licence is treated as belonging to the resulting Indian company (with the demerged company exempted from certain subsections), and establishes that a deduction allowed under this provision bars a deduction under the general depreciation provision for the same or subsequent years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
