Annual Software License Expenses Held Revenue in Nature – No Enduring Benefit: ITAT Mumbai

ACIT Vs BNP Paribas India Solutions Private Limited (ITAT Mumbai)

Software expenses held revenue in nature – Annual licence & maintenance costs give no enduring benefit – Revenue appeal dismissed – ITAT Mumbai

In ACIT vs BNP Paribas India Solutions Pvt. Ltd. (A.Y. 2017-18), the dispute was whether software expenditure of ₹28.24 crore should be treated as capital or revenue. The AO capitalised the expenses alleging enduring benefit and allowed depreciation, whe

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