Case Law Details
Case Name : CIT Vs. INDIAN VISIT. COM (P.) LTD. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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A landmark decision recently delivered by the Delhi High Court in the case of CIT v. INDIAN VISIT. COM (P.) LTD. is sure to cheer the hearts of several business entities that spend large amounts in developing their websites.
SUMMARY OF THE CASE LAW
Income Tax – Assessee deals in hotel, air and taxi booking for tourists – Expenditure on creating a website for regular business – claims deduction – AO disallows it by invoking enduring benefits theory
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