Expense on Technology used to carry on business is Revenue Expenditure: Delhi HC [Read Order]

Expense - Expense on Technology - Technology - business - Revenue - Expenditure - Revenue Expenditure - Delhi HC - taxscan

The Delhi High Court held that the expense of technology used to carry on business is revenue expenditure. The appellant/revenue challenged the order passed by the Income Tax Appellate Tribunal [“Tribunal”]. The short issue which arose for consideration before the Tribunal was, whether the Assessing Officer (AO) had adopted the correct approach in law and…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader