Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (12) TMI 700 - HC - Income TaxExpenditure incurred on software - revenue expenditure OR capital expenditure - Held that:- This Court has admitted the appeal of the Revenue which involves a somewhat similar question as has arisen in the present appeal. However, as noted, the learned counsel for the assessee has cited three judgments of this Court clearly holding that the expenditure for software development was a revenue expenditure. In case of Raychem RPG Ltd (2011 (7) TMI 953 - BOMBAY HIGH COURT) the Division Bench upheld the decision of the Tribunal allowing software expenditure as revenue expenditure.
|