https://www.taxtmi.com/highlights?id=66690 Nature of expenses - Disallowance of software expenditure by treating it as capital in nature - The assessee renders software development services and therefore the use of these software was in its operations and not in the capital field and in that view of the matter, we are of the view that the expenditure in question deserves to be allowed in full. - AT en-us Tue, 22 Nov 2022 16:10:27 +0530 Tue, 22 Nov 2022 16:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66690 Nature of expenses - Disallowance of software expenditure by treating it as capital in nature - The assessee renders software development services and therefore the use of these software was in its operations and not in the capital field and in that view of the matter, we are of the view that the expenditure in question deserves to be allowed in full. - AT Highlights Income Tax Tue, 22 Nov 2022 16:10:27 +0530 https://www.taxtmi.com/highlights?id=66690