https://www.taxtmi.com/caselaws?id=397726 The tribunal ruled in favor of the assessee, determining that the salary expenses for software development and marketing expenses should be classified as revenue expenditure rather than capital expenditure. The software developed was never operational and was abandoned, leading to the conclusion that the salary costs did not result in an enduring asset. The marketing expenses were found to be for overall business promotion and not directly linked to the new software platform. Therefore, the additions made for both salary and marketing expenses were directed to be deleted, treating them as revenue expenditures. en-us Fri, 21 Aug 2020 00:00:00 +0530 Wed, 26 Aug 2020 20:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397726 The tribunal ruled in favor of the assessee, determining that the salary expenses for software development and marketing expenses should be classified as revenue expenditure rather than capital expenditure. The software developed was never operational and was abandoned, leading to the conclusion that the salary costs did not result in an enduring asset. The marketing expenses were found to be for overall business promotion and not directly linked to the new software platform. Therefore, the additions made for both salary and marketing expenses were directed to be deleted, treating them as revenue expenditures. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397726