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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Revenue or capital expenditure – software development ...


Software Development Costs Treated as Revenue Expenditure Allowed in Income Computation.

November 21, 2012

Case Laws     Income Tax     AT

Revenue or capital expenditure – software development expenditure – Assessee had treated the expenditure as a deferred revenue expenditure in the books of account and claimed it as a revenue expenditure in the computation of income - allowed as revenue expenditre - AT

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