Disallowance of deduction u/s. 35ABB(2) - expenses on surrender ...

Deduction Denied for NLD License Surrender Expenses u/s 35ABB(2): Telecom Firm's Business Loss Not Deductible.

February 8, 2020

Case Laws Income Tax AT

Disallowance of deduction u/s. 35ABB(2) - expenses on surrender of National Long Distance (NLD) license - the assessee was engaged in the business of providing telecom services and the losses incurred on account of surrender of NLD license would be in the normal course of business

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Disallowance of deduction u/s. 35ABB(2) - expenses on surrender ...

Deduction Denied for NLD License Surrender Expenses u/s 35ABB(2): Telecom Firm's Business Loss Not Deductible.

February 8, 2020

Case Laws Income Tax AT

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