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2014 (12) TMI 187 - HC - Income TaxDisallowance on Software and development expenses deleted – Held that:- The Tribunal rightly upheld the order of the CIT(A) that out of the software and product development expenses of ₹ 1.81 crores claimed an amount of ₹ 63.74 lacs were of a routine and periodic nature such as software maintenance charges, annual maintenance contracts, etc. and did not create any capital asset - the expenses allowed were of a revenue nature as they did not create any new assets nor any enduring advantage was gained by the assessee as a result of the expenditure – Thus, the order of the Tribunal is upheld – Decided against revenue.
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