Expenditure of telecommunication lines paid on monthly recurring basis are revenue in nature

Altisource Business Solutions Private Limited Vs DCIT (ITAT Bangalore) Held that assessee incurs monthly recurring charges for telecommunication lines and since such expenditure doesn’t bring any benefit of enduring nature the same are revenue in nature. Facts- The assessee, M/s. Altisource Business Solutions Private Limited is engaged in the business of providing contract software development and support services and information Technology (IT) enabled services including data analysis, compilation and transmission of customized software to overseas group affiliates (AEs). Addition/ disallow...