Software expense incurred for use of license not giving enduring benefit is revenue expenditure

DCIT Vs Group M Media India Pvt Ltd (ITAT Mumbai) ITAT Mumbai held that the assessee has merely got the license to use the software for its daily business requirement and has never owned the same. Further, such expense was used for business purpose on yearly rent basis it has not given any enduring benefit. Hence, such expense are revenue in nature. Facts- The assessee company is into the business of media planning, buying and implementing activities. AO noticed that the assessee during the year under consideration had claimed software expenses to the tune of Rs.2.99 crore as revenue expenditu...