Monday, June 4, 2018

Exp. incurred on acquiring licenses to use software which didn't confer any enduring right was allowable exp.

IT : Expenditure incurred by assessee on acquiring licences to use software which did not confer any enduring benefit on assessee, was to be allowed as deduction under section 37(1)

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

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

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