Allowable revenue expenditure - expenditure towards ...

High Court Remands Tribunal's Decision on Computerization Costs, Calls for Detailed Review of Revenue vs. Capital Expenditure.

March 19, 2021

Case Laws Income Tax HC

Allowable revenue expenditure - expenditure towards computerization - as per revenue assessee has spent the same on networking of 125 branches with a centralized processing solution and the activity has a long term benefit, warranting capitalization of the expenditure spent for the same - tribunal has recorded the conclusion that the expenditure incurred by the assessee for computerization of its branches is revenue in nature - The order passed by the tribunal is cryptic in nature and suffers from vice of non application of mind - Matter remanded back - HC

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Allowable revenue expenditure - expenditure towards ...

High Court Remands Tribunal's Decision on Computerization Costs, Calls for Detailed Review of Revenue vs. Capital Expenditure.

March 19, 2021

Case Laws Income Tax HC

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