Case Law Details
Case Name : Deputy Commissioner of Income Tax Vs M/s Edelweiss Capital Ltd. (ITAT Mumbai)
Related Assessment Year : 2005- 06
Courts :
All ITAT ITAT Mumbai
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In the present case, we are of the opinion that even if the websites had materialized, the expenditure could not have been viewed as capital expenditure because the website is put up for the purposes of day-to-day running of the business and even if one were to view that some enduring benefit is obtained by the assessee, the benefit cannot be said to accrue to the assessee in the capital field. A website is something where full information about the assessee’s business is given and it helps the assessee’s customers in dealing with it. A website constantly needs updating, otherwise it may b...
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{ Thanks for finally talking about >Website development expense is revenue expenditure and amount advanced for it if become unrecoverable is allowable as