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Purchase of application Software is revenue expenditure
Case Law Details
- Case Name
- G.E. Capital Services India Vs Addl. CIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2000-01
- Courts
- All ITAT, ITAT Delhi
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Issue: Whether expenditure on acquisition of software was revenue or capital expenditure?
Sections Involved: Section 37 (1) of the Income Tax Act (Capital expenditure is not allowed as per this section)
Appeal by Assessee before ITAT: (Relevant Extract)*
“1. That the Order dated March 23, 2007 passed by the learned Commissioner of Income Tax (Appeals)-XV [“CIT(A)”] is erroneous and bad in law in so far as it has confirmed the additions/disallowances made in the assessment order
2. That on the facts and in the circumstances of the case and in law, the Ld. CIT(...
