Expenditure on Software Application Development treated as Revenue Expenditure: SC dismisses SLP filed by Income Tax Department [Read Judgement]

The apex court upheld the decision of Karnataka High Court that classified the expenditure as a revenue expense
By Ashkar Tovarishch - On June 5, 2024 1:02 pm - 2 mins read
Income tax department - Special leave petition - SLP Revenue expenditure - Software application - TAXSCAN

The Supreme Court dismissed the Special Leave Petition ( SLP ) filed by the Income Tax Department regarding the assessment of expenditure on software application development. The SLP arose out of an impugned final judgment and order dated 10-04-2023 in ITA No. 159/2021, passed by the High Court of Karnataka at Bengaluru. M/s Adadyn Technologies…

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