Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (12) TMI 340 - ITAT BANGALORENature of application software - Capital or revenue in nature – Held that:- The tests generally applied to decide the nature of expenditure as to whether it is capital or revenue, are the fact of enduring benefit, ownership test and functional test. Following the decision in case of Amway India Enterprises (2008 (2) TMI 454 - ITAT DELHI-C) held that examination of whether software expenditure incurred is capital or revenue in nature would require to be done in respect of each and every software independently having regard to the criteria / principles laid down. Issue remand back to AO
|