Employee Training & One-Year Software License Expenses Not Capital Expenditure: Delhi HC

PCIT Vs ST Microelectronics Pvt. Ltd. (Delhi High Court) Background: The case involves an appeal by the Revenue seeking to challenge the order of the Income Tax Appellate Tribunal (ITAT) dated 28.09.2020 concerning Assessment Year (AY) 2008-09. The appeal primarily revolves around the treatment of expenses incurred by ST Microelectronics Pvt. Ltd. in purchasing licensed software and on employee training. Delay Condonation: The appellant/revenue moved an application for condonation of a 460-day delay in re-filing the appeal. The respondent/assessee did not object to the condonation, and the cou...