2011 (11) TMI 2 - DELHI HIGH COURT

Capital or revenue expenditure - The expenditure incurred by the assessee on account of software and professional expenses was a revenue expenditure or not. - Held that:- The treatment of a particular expense or a provision in the books of accounts can never be conclusively determinative of the nature of the expense. An assessee cannot be denied a claim for deduction which is otherwise tenable in law on the ground that the assessee had treated it differently in its books. decided in favour of Assessee.