Depreciation towards 3G spectrum charges allowable: ITAT Mumbai

Vodafone Idea Limited Vs ACIT (ITAT Mumbai)

ITAT Mumbai held that disallowance of claim of depreciation in respect of 3G spectrum charges is not justified. Accordingly, depreciation on 3G spectrum charges allowed under section 32(1)(ii) of the Income Tax Act.

Facts- Appellant is a company engaged, inter alia, in providing cellular telecommunication services. The case of the Appellant was selected for regular scrutiny. During the assessment proceedings, the Assessing Officer noted that the Appellant has entered into international transactions with its Associa

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