Expenditure incurred for development of software to increase efficiency of existing business is held to be revenue in nature. (AY. 2012-13)
Cox & Kings Ltd. v. Addl. CIT (2019) 55 CCH 75 / 69 ITR 45 (SN) (Mum.) (Trib.)
S. 37(1) : Business expenditure-Capital or revenue–Development of software–Held to be revenue in nature.