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2016 (6) TMI 789 - AT - Income TaxAddition towards purchasing and upgrading software - revenue or capital expenditure - Held that:- The impugned expenditure incurred by the assessee is revenue expenditure, because the same has been incurred towards the purchase of application software and upgradation charges which were required to run efficiently the existing software as well as license charges for using the existing software uninterruptly so as to run the business efficiently. We are, therefore, of the view that the ld. CIT(A) was not correct in confirming the disallowance and we accordingly delete this disallowance. See COMMISSIONER OF INCOME TAX Versus M/s ASAHI INDIA SAFETY GLASS LTD. [2011 (11) TMI 2 - DELHI HIGH COURT ] - Decided in favour of assessee
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