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2011 (12) TMI 325 - HC - Income TaxDisallowance - Capital or revenue expenditure - the expenditure incurred is for developing software system for improving the inhouse management efficiencies and profitability of the assessee - Since the expenditure incurred is for developing system on professional basis, it is considered as deferred capital expenditure which is required to be written off over a period of 4 years There was no evidence of such expertise available with the parent company to impart any such training to the staff of the assessee company or that the training was actually rendered by Ramco Systems - Appeal is dismissed
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