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2023 (6) TMI 727 - AT - Income TaxNature of expenses - Addition on account of production development expenses - revenue or capital expenditure - HELD THAT:- As relying on assessee own case for the AY 2013-14 [2021 (8) TMI 690 - ITAT AHMEDABAD] appellant has treated the capitalized R & D expenses as revenue expenses and at the same time it has added back the amortized amount debited to P & L Account resulting into income as it appears from the record. As in the earlier Assessment Years the identical claim of product development expenses was allowed as revenue expenses. Therefore, taking into consideration the entire aspect of the matter the of such addition on account of capital expenditure as made by the AO has been rightly done by the CIT(A) without any ambiguity so as to warrant interference. Appeal filed by the revenue is dismissed.
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