Nature of expenditure - The expenditure is not capital in ...

Expenditure on Technology Support and Professional Services Classified as Non-Capital; No Acquisition of Technical Know-How or Assets.

October 9, 2021

Case Laws     Income Tax     AT

Nature of expenditure - The expenditure is not capital in nature, because the assessee has not acquired any technical know-how or asset, but what was received from service provider was technology support services and professional services for managing day-to-day business affairs of the assessee. Therefore, said expenditure cannot be considered as capital in nature - AT

View Source