Variable License Fee: Capital or Revenue Expenditure? Section 35ABB Clarifies Deduction Eligibility Under Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Whether variable licence fee - amortized u/s 35ABB - payment of licence fee was capital in part and revenue in part - Capital expenditure will qualify for deduction as per Section 35ABB - HC....