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![Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Product-Development-Expenditure-Revenue-Nature-ITAT-Deduction-Taxscan.jpeg "Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]")
Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the expenditure incurred on testing and validation of the products is revenue in...