2011 (11) TMI 4 - DELHI HIGH COURT

Purchase of Software application - MS Office Software, Anti Virus software, Lotus Notes Software and Message Exchange applications. - capital expenditure of revenue expenditure - Held that:- The issue is covered in favor of assessee in CIT Vs. M/s Asahi India Safety Glass Ltd. (2011 -TMI - 206589 - DELHI HIGH COURT)

Expenditure on improvement of leasehold premises - repairs of the premises - Current repairs - u/s 30 - Held that:- in ascertaining whether an expenditure incurred is made on revenue account or otherwise one would have to bear in mind the nature of the expenditure, that is, was it incurred for maintenance or preservation of an asset or was it expended otherwise. - In view of the decision in CIT Vs. Hi Line Pens Pvt. Ltd (2008 -TMI - 30864 - HIGH COURT DELHI) expenditure incurred improvement of leasehold premises allowed.