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HomeDirect TaxSoftware Expenses Not Capital Asset, Allowable as Revenue; Double Disallowance Cannot Lead...

Software Expenses Not Capital Asset, Allowable as Revenue; Double Disallowance Cannot Lead to Taxation Twice: ITAT

Direct Tax

Published on

By Mariya Paliwala
ITAT

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The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that expenditure incurred on software licenses, upgrades, and related services is revenue in nature and cannot be treated as capital expenditure merely on the ground of perceived enduring benefit. The bench of Beena Pillai (Judicial Member) and Prabhash Shankar (Accountant Member) clarified that…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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