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| The Tax Publishers2020 TaxPub(DT) 2033 (Chen-Trib) INCOME TAX ACT, 1961
Section 37(1)
Expenditure incurred wholly towards renewal of subscription for software, revenue expenditure was allowable.
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Capital or revenue expenditure - Software expenses - Expenses incurred for renewal of subscription of software -
Assessee claimed dedduction of software expenses. AO treated the same as capital expenditure.Held: Expenditure in question was incurred wholly towards renewal of subscription for software. Accordingly, in question same was allowable revenue expenditure.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2002-03 to 2006-07
INCOME TAX ACT, 1961
Section 37(1)
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