https://www.taxtmi.com/caselaws?id=185312 The tribunal allowed the full deduction of license fees and spectrum charges, dismissing the Revenue's appeal. The adjustment to book profits under Section 115JB regarding these charges was deleted. The tribunal directed the A.O. to allow depreciation as claimed by the assessee and deleted the addition to book profits under Section 115JB due to excess depreciation claim. The perpetual loan from the Government of India was treated as a revenue receipt, and no adjustment was allowed in book profits under Section 115JB for this loan. Various other issues were either upheld, set aside for fresh adjudication, or dismissed based on factual findings and statutory provisions. en-us Fri, 22 Jan 2016 00:00:00 +0530 Tue, 09 Aug 2016 14:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185312 The tribunal allowed the full deduction of license fees and spectrum charges, dismissing the Revenue's appeal. The adjustment to book profits under Section 115JB regarding these charges was deleted. The tribunal directed the A.O. to allow depreciation as claimed by the assessee and deleted the addition to book profits under Section 115JB due to excess depreciation claim. The perpetual loan from the Government of India was treated as a revenue receipt, and no adjustment was allowed in book profits under Section 115JB for this loan. Various other issues were either upheld, set aside for fresh adjudication, or dismissed based on factual findings and statutory provisions. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185312