Nature of expenditure - business of development of software ...

Case Laws Income Tax

December 5, 2022

Nature of expenditure - business of development of software solution and management - admittedly, the product which was sought to be developed, never came into existence and the same was abandoned. No new asset came into existence which would be of an enduring benefit to the assessee, and therefore, in these circumstances, the expenditure could only be said to be revenue in nature. - HC

View Source

← Previous Next →

Nature of expenditure - business of development of software ...

Case Laws Income Tax

December 5, 2022

You may also like:

Software development expenditure which was application software was revenue in nature - deduction allowed u/s 37.

Nature of expenses - purchasing software licenses - revenue or capital expenditure - Fine tuning business operations to enable the management to run its business...

The case pertains to service tax liability arising from the sale/transfer of a business as a going concern by way of slump sale under the Income Tax Act, 1961. The issue...

Allowable as business expenses - Small contributions to local people and institution on request of employees and business associates - Section 37 of the Act contemplates...

Nature of expenses - Disallowance of software expenditure by treating it as capital in nature - The assessee renders software development services and therefore the use...

Nature of expenditure - A.O. as well as the Ld. CIT(A) were erred in coming to the conclusion that expenditure incurred on developing new software platform is expected...

Periphery Development Expenses - Disallowance of expenses as only objection raised by the ld. AO is that some of the expenditure debited by the assessee cannot be termed...

Research and Development expenditure i.e. G.E.Linear Development Expenditure, Eaton Project Development - the expenditure did not reflect that any new capital asset had...

Software consumable expenses – The expenditure was incurred for application software and not for system software – The software was not of enduring nature and would...

TP Adjustment - It is not the case that the assessee which is carrying on forwarding chain business has paid the management services for some other unrelated business...

Disallowance of membership fee paid to club u/s. 37 - unless assessee demonstrate with relevant evidences that subscription fee paid to club, is for the purpose of...

Nature of expenses - Expenses incurred on Enterprise Resource Planning (“ERP”) and software expenses - revenue or capital expenditure - in today’s fast changing...

Software expenditure having enduring benefit of not more than a year is revenue expenditure

Development of software - a revenue expenditure or capital expenditure? - only a revenue expenditure - HC

Management, Maintenance or Repair Service - Software Services Agreement - repair and maintenance of software - stay granted - AT

Quick Updates: