https://www.taxtmi.com/highlights?id=54503 Nature of expenditure - A.O. as well as the Ld. CIT(A) were erred in coming to the conclusion that expenditure incurred on developing new software platform is expected to give enduring benefit and one can recognise the intellectual property in the same to come to conclusion that expenditure incurred for development of new software platform is capital in nature. - Additions deleted - AT en-us Thu, 27 Aug 2020 11:44:51 +0530 Thu, 27 Aug 2020 11:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54503 Nature of expenditure - A.O. as well as the Ld. CIT(A) were erred in coming to the conclusion that expenditure incurred on developing new software platform is expected to give enduring benefit and one can recognise the intellectual property in the same to come to conclusion that expenditure incurred for development of new software platform is capital in nature. - Additions deleted - AT Highlights Income Tax Thu, 27 Aug 2020 11:44:51 +0530 https://www.taxtmi.com/highlights?id=54503