https://www.taxtmi.com/highlights?id=39617 Software expense - revenue or capital expenditure - fast changing technology, software has to be regularly updated so as to keep pace with the changing technology - the expense does not add to or expands the profit making apparatus of the assessee - thus revenue in nature - HC en-us Wed, 30 May 2018 12:55:11 +0530 Wed, 30 May 2018 12:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39617 Software expense - revenue or capital expenditure - fast changing technology, software has to be regularly updated so as to keep pace with the changing technology - the expense does not add to or expands the profit making apparatus of the assessee - thus revenue in nature - HC Highlights Income Tax Wed, 30 May 2018 12:55:11 +0530 https://www.taxtmi.com/highlights?id=39617