https://www.taxtmi.com/acts?id=21140 Capital expenditure to acquire a right to use spectrum qualifies for a deduction equal to the appropriate fraction of the amount actually paid in each relevant previous year; relevant years begin with the year of payment (or business commencement if payment precedes start), and the appropriate fraction is one divided by the number of relevant years. Provisions applicable to analogous licence deductions apply to spectrum. If a claimed deduction is later non compliant, it is deemed wrongly allowed, the Assessing Officer may re compute total income and rectify the assessment, and correction provisions apply with the period reckoned from the end of the year when the failure occurred. en-us Fri, 06 May 2016 16:25:23 +0530 Wed, 03 May 2017 12:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21140 Capital expenditure to acquire a right to use spectrum qualifies for a deduction equal to the appropriate fraction of the amount actually paid in each relevant previous year; relevant years begin with the year of payment (or business commencement if payment precedes start), and the appropriate fraction is one divided by the number of relevant years. Provisions applicable to analogous licence deductions apply to spectrum. If a claimed deduction is later non compliant, it is deemed wrongly allowed, the Assessing Officer may re compute total income and rectify the assessment, and correction provisions apply with the period reckoned from the end of the year when the failure occurred. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:25:23 +0530 https://www.taxtmi.com/acts?id=21140