Dismissing the appeal of the revenue the Court held that computer software expenses and legal expenses incurred in connection with sale of capital assets is held to be revenue expenditure . ( AY.2009-10)
PCIT v. Aker Powergas Pvt. Ltd. (2020)423 ITR 536 (Bom)(HC)
S.37(1) : Business expenditure — Capital or revenue Computer software expenses — Legal expenses incurred in connection with sale of capital assets – Held to be revenue expenditure .