https://www.taxtmi.com/caselaws?id=417742 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's order under Section 263 was not sustainable. The Tribunal found that the depreciation claimed by the assessee on spectrum fees was valid under Section 32, and the provisions of Section 35ABB did not apply. The assessment order passed by the Assessing Officer was deemed not erroneous, leading to the quashing of the PCIT's order under Section 263. en-us Fri, 28 Jan 2022 00:00:00 +0530 Thu, 05 May 2022 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417742 The Tribunal allowed the appeal, holding that the Principal Commissioner of Income Tax's order under Section 263 was not sustainable. The Tribunal found that the depreciation claimed by the assessee on spectrum fees was valid under Section 32, and the provisions of Section 35ABB did not apply. The assessment order passed by the Assessing Officer was deemed not erroneous, leading to the quashing of the PCIT's order under Section 263. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417742