Relief to Vodafone Idea: ITAT allows Depreciation on Spectrum Fee [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has allowed relief to Vodafone Idea and held that the depreciation under section 32 of the Income Tax Act, 1961 shall be allowable for payment of spectrum fee. The company amortized amount spent on acquiring 3G spectrum and claimed 1/20th of the expenditure for the year as […]
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