Expenditure on Technology Support and Professional Services Classified as Non-Capital; No Acquisition of Technical Know-How or Assets.

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....Nature of expenditure - The expenditure is not capital in nature, because the assessee has not acquired any technical know-how or asset, but what was received from service provider was technology support services and professional services for managing day-to-day business affairs of the assessee. Therefore, said expenditure cannot be considered as capital in nature - AT....