Sec. 35ABB – Telecommunication License – Payment of entry fee as well as variable annual license fee paid by respondent – assessees, engaged in the business of telecommunication services, to Department of Telecommunication (DOT) under New Telecom Policy, 1999 are capital in nature and may be amortised in accordance with section 35ABB.
CIT v. Bharti Hexacom Ltd. – [2023] 155 taxmann.com 322 (SC).