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of <h1>Amendment to Section 35ABB clarifies expense treatment for telecom service rights, prevents double deductions, effective April 1996.</h1> Section 35ABB of the Income-tax Act is amended to clarify the treatment of expenses incurred for acquiring rights to operate telecommunication services. The amendment allows these expenses to be recognized either before or after the commencement of business, effective from April 1, 1996. It defines 'relevant previous years' based on when the license fee is paid. Additionally, in demerger scenarios, the resulting company assumes the tax provisions applicable to the demerged company. A new provision prevents double deductions for the same expenditure under different sections for the same or subsequent years.
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