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Depreciation on Spectrum Fee Allowed u/s 32 of the Income Tax Act; Section 35ABB Not Applicable.

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....Depreciation claim made by the assessee on spectrum fee - on merits the assessee’s claim for depreciation on “spectrum fee” is allowable under section 32 of the Act as the provisions contained under section 35ABB of the Act being not applicable to the issue at hand. Hence, the order passed by the AO is not erroneous. So we are of the considered view that the AO has rightly allowed the claim by virtue of the assessment order framed under section 143 of the Act. - AT....

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Depreciation on Spectrum Fee Allowed u/s 32 of the Income Tax Act; Section 35ABB Not Applicable.