Patent drafting and translation expenses are revenue expenditure: ITAT Pune

Advertisement Linguanext Technologies Private Limited Vs ITO (ITAT Pune) Patent drafting and translation expenses are revenue expenditure allowable u/s 37 Income Tax Appellate Tribunal (ITAT) Pune has ruled in favor of Linguanext Technologies Private Limited, allowing expenses related to patent drafting and software translation as revenue expenditure under Section 37 of the Income Tax Act. This decision overturns the orders of the Assessing Officer and the Commissioner of Income Tax (Appeals), who had classified these expenses as capital expenditure. The case pertains to the assessment yea...