TMI BlogNature of expenditure - The expenditure is not capital in nature, because the assessee has not acquired...Nature of expenditure - The expenditure is not capital in nature, because the assessee has not acquired any technical know-how or asset, but what was received from service provider was technology support services and professional services for managing day-to-day business affairs of the assessee. Therefore, said expenditure cannot be considered as capital in nature - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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