sec 35ABB

No dep will be allowed on such lecence. 

hey no depreciation will be allowed

if u dont mind  can u please clearly explain it

Under Sec. 35 ABB u write the fulll value of licence in no. of years.

So you will not get double benefit under income tax act. licence is fully write off in books so no dep. will be allowed on it.

by the way maish iam explained the same thing. just see carefully again my note.