https://www.taxtmi.com/acts?id=3560 Section 35ABB allows capital expenditure for acquiring a telecommunication services licence to be deducted over the licence term by an appropriate fraction each relevant previous year where payment has been actually made; definitions fix "relevant previous years" and "appropriate fraction". Transfer rules permit immediate deduction if proceeds are less than remaining unallowed expenditure, charge excess proceeds as business income if they exceed remaining unallowed expenditure up to the original expenditure, and prohibit further deductions when proceeds meet or exceed remaining unallowed expenditure. Amalgamation and demerger transfers between Indian companies receive specified continuity treatment, and section 32 deductions are excluded for amounts deducted under this section. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 13:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3560 Section 35ABB allows capital expenditure for acquiring a telecommunication services licence to be deducted over the licence term by an appropriate fraction each relevant previous year where payment has been actually made; definitions fix "relevant previous years" and "appropriate fraction". Transfer rules permit immediate deduction if proceeds are less than remaining unallowed expenditure, charge excess proceeds as business income if they exceed remaining unallowed expenditure up to the original expenditure, and prohibit further deductions when proceeds meet or exceed remaining unallowed expenditure. Amalgamation and demerger transfers between Indian companies receive specified continuity treatment, and section 32 deductions are excluded for amounts deducted under this section. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3560