Case Law Details
Case Name : Altisource Business Solutions Private Limited Vs DCIT (ITAT Bangalore)
Appeal Number : IT(TP)A No.183/Bang/2022
Date of Judgement/Order : 25/07/2022
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Bangalore
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Altisource Business Solutions Private Limited Vs DCIT (ITAT Bangalore)
Held that assessee incurs monthly recurring charges for telecommunication lines and since such expenditure doesn’t bring any benefit of enduring nature the same are revenue in nature.
Facts-
The assessee, M/s. Altisource Business Solutions Private Limited is engaged in the business of providing contract software development and support services and information Technology (IT) enabled services including data analysis, compilation and transmission of customized software to overseas group affiliates (AEs).
Addition/ disallowance was made in the following –
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