Bharti Airtel Ltd. vs Assistant Commissioner Of Income Tax*

Authority: ITAT Tribunal/Court: Mumbai Date: 2010-06-25 AY: 2000-01, 2000-01, 2000-01 Section: 35ABB, 37(1), 40A(2) Acts: Income Tax Act 1961 Result: Assessee Citation: (2010) 48 DTR (Mumbai)(Trib) 416 : (2010) 41 SOT 175 Justices: D.K. Agarwal, J.M. "," A.L. Gehlot, A.M. Appeal No: ITA Nos. 398/Mum/2006 and 2935 ", " 2936/Mum/2009 ", " C.O. No. 176; Asst. yrs. 2
Whether DOT licence fee paid annually/quarterly for telecommunication services constitutes capital expenditure requiring amortization under section 35ABB or revenue expenditure deductible under section 37(1) --- Held: Revenue expenditure allowable under section 37(1).

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