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INCOME TAX : Where assessee-company claimed expenses incurred towards software licence as revenue expenditure but Assessing Officer disallowed claim of assessee, since licence was valid for one year and did not confer any enduring benefit, expense incurred by assessee to acquire software licence was revenue in natureINCOME TAX : Where assessee-company claimed expenses incurred towards software licence as revenue expenditure but Assessing Officer disallowed claim of assessee, since licence was valid for one year and did not confer any enduring benefit, expense incurred by assessee to acquire software licence was revenue in naturewww.taxmann.com Latest Case LawsRead More