Held that the licence fee for use of software, which was renewable on a yearly basis and was not paid, was not for acquiring any right in software; the same was to be allowed as revenue expenditure. (AY. 2017-18)
ACIT v. Matrix Publicities and Media India (P.) Ltd. (2025) 213 ITD 463 (Mum) (Trib.)
S.37(1): Business expenditure-Capital or revenue-Licence fee for use of software-Allowable as revenue expenditure.
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