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2019 (8) TMI 1800 - HC - Income TaxNature of expenditure - expenditure incurred by the assessee in purchase of hard discs and other peripherals and for acquiring computer software - Revenue or capital expenditure - HELD THAT:- Revenue argued that the same was in the nature of capital expenditure. CIT(A) and the Tribunal, however, examined the nature of expenditure and held that the same was revenue expenditure. We do not find any error. Similar issue was examined by this Court in M/S. ASIAN PAINTS LTD. [2018 (12) TMI 700 - BOMBAY HIGH COURT].
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