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![Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]")
Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal recently ruled that the payment incurred for the upgradation of technology, because of rapid...