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Expenditure for obtaining right to use spectrum for telecommunication services.

Section 35ABA - Part D. - Profits and gains of business or profession - Income Tax - Section 35ABA - 1[ 35ABA. (1) In respect of any expenditure, being in the nature of capital expenditure, incurred for acquiring any right to use spectrum for telecommunication services either before the commencement of the business or thereafter at any time during any previous year and for which payment has actually been made to obtain a right to use spectrum, there shall, subject to and in accordance with the p .....

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of this section, then,- (a) the deduction shall be deemed to have been worngly allowed; (b) the Assessing Officer may, notwithstanding anything contained in this Act, re-compute the total income of the assessee for the said previous year and make the necessary rectification; (c) the provisions of section 154 shall, so far as may be, apply and the period of four years specified in sub-section (7) of that section being reckoned from the end of the previous year in which the failure to comply with .....

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