https://www.taxtmi.com/caselaws?id=182098 An accrued statutory liability under the relevant control order was treated as deductible in the year it arose, even though liability was disputed or proceedings were pending. Deduction under Section 43B for sales tax was also allowed, the issue having been covered by binding precedent and earlier decisions in the same matter. Expenditure on installation of computer software, electrical work, and lifts was regarded as revenue in nature because business expenditure incurred to meet operational needs in a changing technological environment is not necessarily capital merely due to some enduring benefit. The Revenue's appeals therefore failed and no substantial question of law was found. en-us Fri, 27 Jun 2014 00:00:00 +0530 Mon, 02 May 2016 22:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182098 An accrued statutory liability under the relevant control order was treated as deductible in the year it arose, even though liability was disputed or proceedings were pending. Deduction under Section 43B for sales tax was also allowed, the issue having been covered by binding precedent and earlier decisions in the same matter. Expenditure on installation of computer software, electrical work, and lifts was regarded as revenue in nature because business expenditure incurred to meet operational needs in a changing technological environment is not necessarily capital merely due to some enduring benefit. The Revenue's appeals therefore failed and no substantial question of law was found. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182098