Court Analyzes Prototype Development Costs u/s 36(1)(iv) for Revenue vs. Capital Classification; Enduring Benefit Test Not Definitive.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenses on prototype development expenses u/s 36(1)(iv) - Revenue or Capital expenses - The test of enduring benefit is not a certain or conclusive test and it cannot be applied blindly and mechanically - HC....