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Expense on technology upgradation of existing business is deductible
Case Law Details
- Case Name
- Cox & Kings Limited Vs Addl. CIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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Advocate Akhilesh Kumar Sah
Cox & Kings Ltd. case: Where expenses incurred were for travel booking engine and SAP software which was only for the purpose of technology upgradation to the existing business of the assessee and not creating any new line of business or asset: Expenses held to be deductible under section 37(1)
In the appeal of Cox & Kings Limited vs. Addl. CIT [IT(TP)A No. 2066/Mum/2017, A.Y. 2012-13, decided on 03-01-2019], one of the issue was against the order of AO / TPO/ DRP as regards to the disallowance of Travel Book engine expense considering the same as capital w...
