Allowability of Technology Expenses for Future Business utilization

PCIT Vs Hike Private Limited (Delhi High Court)

Introduction: The Delhi High Court’s recent judgment in the case of PCIT vs. Hike Private Limited sheds light on the classification of expenses related to technology used in business. The appellant/revenue challenged the order of the Income Tax Appellate Tribunal, questioning the re-characterization of revenue expenses as capital expenditure by the Assessing Officer (AO).

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