TMI BlogNature of expenditure - expenditure towards purchase of software - We hold that advantage of an enduring...Nature of expenditure - expenditure towards purchase of software - We hold that advantage of an enduring benefit, need not be on capital account. If the advantage consists merely in facilitating the assessee's trading operations or enabling him to manage and conduct his business more efficiently or more profitably while leaving the fixed capital untouched, the same cannot be regarded as on capital account. In order to treat any expenditure as capital expenditure, the same should result in accrua..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
