https://www.taxtmi.com/highlights?id=29777 Since the expenditure was incurred for purchase of Windows XP Professional, an application software for its office use and becomes obsolete very fast, it cannot be treated as capital asset and therefore the same is to be treated and allowed as revenue expenditure - AT en-us Fri, 17 Jun 2016 09:11:08 +0530 Fri, 17 Jun 2016 09:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29777 Since the expenditure was incurred for purchase of Windows XP Professional, an application software for its office use and becomes obsolete very fast, it cannot be treated as capital asset and therefore the same is to be treated and allowed as revenue expenditure - AT Highlights Income Tax Fri, 17 Jun 2016 09:11:08 +0530 https://www.taxtmi.com/highlights?id=29777