Nature of expenses - Expenses incurred on Enterprise Resource ...

Case Laws Income Tax

August 10, 2020

Nature of expenses - Expenses incurred on Enterprise Resource Planning (“ERP”) and software expenses - revenue or capital expenditure - in today’s fast changing technology where software becomes obsolete for smooth functioning of the business, the software needs to be replaced / upgraded by an assessee from time to time, the software, in any, case cannot also be said to result in any enduring benefit to the assessee to be considered and thus, it cannot be held as capital expenditure. - AT

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Nature of expenses - Expenses incurred on Enterprise Resource ...

Case Laws Income Tax

August 10, 2020

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