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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Disallowance of pre-operating expense for a “Mawa Project” - ...

Income Tax

September 23, 2015

Disallowance of pre-operating expense for a “Mawa Project” - revenue v/s capital expenditure - expenditure incurred for expansion of the dairy business of the assessee - allowed as revenue expenditure - AT

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  3. Software expenses - revenue or capital expenditure - real intent and purpose - expenditure incurred by the assessee on software is allowable as revenue expenditure. - AT

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