https://www.taxtmi.com/highlights?id=57242 Allowable revenue expenditure - expenditure towards computerization - as per revenue assessee has spent the same on networking of 125 branches with a centralized processing solution and the activity has a long term benefit, warranting capitalization of the expenditure spent for the same - tribunal has recorded the conclusion that the expenditure incurred by the assessee for computerization of its branches is revenue in nature - The order passed by the tribunal is cryptic in nature and suffers from vice of non application of mind - Matter remanded back - HC en-us Fri, 19 Mar 2021 15:02:42 +0530 Fri, 19 Mar 2021 15:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57242 Allowable revenue expenditure - expenditure towards computerization - as per revenue assessee has spent the same on networking of 125 branches with a centralized processing solution and the activity has a long term benefit, warranting capitalization of the expenditure spent for the same - tribunal has recorded the conclusion that the expenditure incurred by the assessee for computerization of its branches is revenue in nature - The order passed by the tribunal is cryptic in nature and suffers from vice of non application of mind - Matter remanded back - HC Highlights Income Tax Fri, 19 Mar 2021 15:02:42 +0530 https://www.taxtmi.com/highlights?id=57242