https://www.taxtmi.com/highlights?id=73784 Nature of expenses - purchasing software licenses - revenue or capital expenditure - Fine tuning business operations to enable the management to run its business effectively, efficiently and profitably; leaving the fixed assets untouched would be an expenditure in the nature of revenue expenditure even though the advantage may last for an indefinite period. Test of enduring benefit or advantage would thus collapse in such like cases. It would in our view be only truer in cases which deal with technology and software application, which do not in any manner supplant the source of income or added to the fixed capital of the assessee - HC en-us Tue, 26 Dec 2023 16:14:23 +0530 Tue, 26 Dec 2023 16:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73784 Nature of expenses - purchasing software licenses - revenue or capital expenditure - Fine tuning business operations to enable the management to run its business effectively, efficiently and profitably; leaving the fixed assets untouched would be an expenditure in the nature of revenue expenditure even though the advantage may last for an indefinite period. Test of enduring benefit or advantage would thus collapse in such like cases. It would in our view be only truer in cases which deal with technology and software application, which do not in any manner supplant the source of income or added to the fixed capital of the assessee - HC Highlights Income Tax Tue, 26 Dec 2023 16:14:23 +0530 https://www.taxtmi.com/highlights?id=73784