[aaykarbhavan] No reassessment deeming exp. on software capital in nature when assessee had disclosed that it was an annual exp.

No reassessment deeming exp. on software capital in nature when assessee had disclosed that it was an annual exp.

December 12, 2014[2014] 52 taxmann.com 44 (Mumbai - Trib.)/[2014] 34 ITR(T) 119 (Mumbai - Trib.)

IT : Where expenditure on software charges was an annual expenditure and such fact had been disclosed by assessee, reopening of assessment on ground that said expenditure was of enduring nature was unjustified

 

Regards

Prarthana Jalan

__._,_.___

---

Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use