https://www.taxtmi.com/highlights?id=20215 The payment for application software, though there is an enduring benefit, does not result in acquisition of any capital asset and it merely enhances the productivity or efficiency and has to be treated as revenue expenditure - HC en-us Fri, 03 Oct 2014 21:35:43 +0530 Fri, 03 Oct 2014 21:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20215 The payment for application software, though there is an enduring benefit, does not result in acquisition of any capital asset and it merely enhances the productivity or efficiency and has to be treated as revenue expenditure - HC Highlights Income Tax Fri, 03 Oct 2014 21:35:43 +0530 https://www.taxtmi.com/highlights?id=20215