https://www.taxtmi.com/caselaws?id=376142 Fees paid for acquisition of 3G spectrum were treated as a depreciable intangible asset under section 32, not as licence-related expenditure to be amortised under section 35ABB. Applying binding jurisdictional precedent, the Tribunal held that the original assessment had correctly allowed depreciation and that the revisionary order under section 263 could not be sustained on that basis. The assessee's depreciation claim was therefore upheld and revisionary interference was rejected. en-us Wed, 27 Feb 2019 00:00:00 +0530 Mon, 04 Mar 2019 08:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376142 Fees paid for acquisition of 3G spectrum were treated as a depreciable intangible asset under section 32, not as licence-related expenditure to be amortised under section 35ABB. Applying binding jurisdictional precedent, the Tribunal held that the original assessment had correctly allowed depreciation and that the revisionary order under section 263 could not be sustained on that basis. The assessee's depreciation claim was therefore upheld and revisionary interference was rejected. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376142