https://www.taxtmi.com/caselaws?id=65443 Statutory licence fee paid to the Department of Telecommunications was treated as an annual charge for carrying on telecommunication business and, because default could lead to revocation, it was held deductible as revenue expenditure under section 37. The claim under section 80-IA(4C) required fresh examination of whether new exchanges and upgraded facilities constituted separate eligible undertakings, so the matter was remanded. Prior-period expenditure, duplicate additions based on the C&AG report and tax audit report, and items already credited or otherwise accounted for were deleted where the record did not support further disallowance. The provident fund issue and abandoned-assets adjustment were sent back for reconsideration. en-us Fri, 03 Feb 2006 00:00:00 +0530 Tue, 31 Jul 2012 23:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65443 Statutory licence fee paid to the Department of Telecommunications was treated as an annual charge for carrying on telecommunication business and, because default could lead to revocation, it was held deductible as revenue expenditure under section 37. The claim under section 80-IA(4C) required fresh examination of whether new exchanges and upgraded facilities constituted separate eligible undertakings, so the matter was remanded. Prior-period expenditure, duplicate additions based on the C&AG report and tax audit report, and items already credited or otherwise accounted for were deleted where the record did not support further disallowance. The provident fund issue and abandoned-assets adjustment were sent back for reconsideration. Case-Laws Income Tax Fri, 03 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65443