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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Nature of expenditure - software installed in their computer ...


Software Expenditure Classified as Revenue by ITAT and CIT(A), No Substantial Question of Law Arises.

June 21, 2019

Case Laws     Income Tax     HC

Nature of expenditure - software installed in their computer system - finding of facts recorded/affirmed by ITAT/CIT(A) after examination of the terms and conditions of the license that the assessee acquired only a right to use the software and that there was no enduring benefit acquired on account of the license promoted by them on payment of annual fee -revenue expenditure - no substantial question of law arises

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