The Tax Publishers2020 TaxPub(DT) 3575 (Pune-Trib)

INCOME TAX ACT, 1961

Section 37(1)

Following CIT v. KSB Pumps Ltd., 2016 TaxPub(DT) 4825 (Bom-HC) claim of assessee for deduction on account of expenditure incurred on SAP implementation was to be allowed.

Business expenditure - Allowability - SAP implementation charges incurred by assessee -

Issue was as regards disallowance made on account of SAP implementation charges. Held: Issue was squarely covered in favour of assessee inter alia by the decision of CIT v. M/s. KSB Pumps Ltd., 2016 TaxPub(DT) 4825 (Bom-HC) wherein a similar issue was decided in favour of assessee allowing the claim of assessee for deduction on account of expenditure incurred on SAP implementation.

Followed:CIT, Mumbai v. M/s. KSB Pumps Ltd. (ITA No. 728 of 2014 with ITA No. 777 of 2014, dated 5-10-2016) : 2016 TaxPub(DT) 4825 (Bom-HC)

REFERRED :

FAVOUR : In assessee's favour

A.Y. :

INCOME TAX ACT, 1961

Section 32

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