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The case pertains to the disallowance of product development expenses written off due to technological obsolescence. The assessee had abandoned a software development project titled "ProHR" as it was unlikely to yield economic benefits. The authorities presumed the project was completed, leading to disallowance of expenses. However, the project was not even put for initial trial, rendering it unsellable. Since the project was abandoned without any enduring benefit or existence of new software, the expenses were held to be revenue in nature. Consequently, the addition made by the lower authorities was deleted, and the assessee's appeal was allowed.
The case pertains to the disallowance of product development expenses written off due to technological obsolescence. The assessee had abandoned a software development project titled "ProHR" as it was unlikely to yield economic benefits. The authorities presumed the project was completed, leading to disallowance of expenses. However, the project was not even put for initial trial, rendering it unsellable. Since the project was abandoned without any enduring benefit or existence of new software, the expenses were held to be revenue in nature. Consequently, the addition made by the lower authorities was deleted, and the assessee's appeal was allowed.
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