Friday, May 25, 2018

Exp. incurred to upgrade computer software which brought efficiency in business was revenue in nature

IT: Software expenses incurred by assessee to upgrade computer software which brought greater efficiency in functioning of assessee's business is revenue in nature

from www.taxmann.com Latest Case Laws https://ift.tt/2KU31xw

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...