License Fee paid for Long Term Right to use Telecommunication Spectrum is Capital Expenditure: ITAT [Read Order]

telecommunication spectrum -ITAT-Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the license fee paid for the long term right to use telecommunication spectrum amount to capital expenditure under the Income Tax Act, 1961. While considering the return filed by the assessee-Company, the Assessing Officer was of the view that by paying license fee the…

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