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2014 (1) TMI 873 - AT - Income TaxNature of expenses – Capital or Revenue expenses – Expenses incurred on purchase of software – Held that:- It is apparent that assessee had submitted complete information to Assessing Officer regarding software expenses claimed as revenue expenses and Assessing Officer after due application of mind had accepted the contentions of assessee - reopening after a period of four years without failure on the part of assessee was unjustified and illegal and therefore Ld CIT(A) has rightly held the assessment order as null and void - a number of payments has been made for purchase of software tools and amount ranged from Rs.10,000/- to Rs.75,000/- The number of entries for purchase of software tools is running into 170 - thus, the expenditure incurred by the assessee was revenue in nature – Decided against Revenue.
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