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2018 (4) TMI 1534 - HC - Income TaxNature of expenditure - software expenses - revenue expenditure or a capital expenditure? - Held that: - mere circumstance that the depreciation rate is spelt out in the Schedule to the Income-tax Act, is not conclusive as to the nature of the expenditure and whether it resulted an enduring advantage to a particular assessee - Taking these into account and that the software itself would have run its course or life span as it were, given that the earlier assessment year in question is 2008-09, the question of law framed is to be answered in favor of the assessee and against the revenue - appeal allowed.
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