Licence fee paid for using MS Office software cannot be treated as Capital expenditure-

Ms ILink Multitech Solutions Pvt. Vs DCIT (ITAT Cheenai) It is not in dispute that the assessee purchased MS Office software and used the same in its business. By purchasing MS Office software , the assessee has not become owner of the software. The ownership of MS Office software remained with Microsoft company. The assessee has to necessarily renew the licence periodically for using the same in the business. Merely because the assessee is using MS Office software as operating software in its system, it does not mean that MS Office software is the capital asset in the hands of the assessee-c...