Dismissing the appeal of the Revenue the Court held, that the Assessing Officer’s approach was that the assessee was not earning revenue. This approach was completely misdirected. The disallowance of the expenditure was not justified.(AY.2013-14, 2014-15)
PCIT v. Hike Pvt. Ltd. (2024)462 ITR 183./158 taxmann.com 162 (Delhi)(HC)/Editorial : SLP dismissed , PCIT v. Hike (P.) Ltd. (2024) 299 Taxman 447 // 299 Taxman 178 / 464 ITR 394 (SC)
S. 37(1): Business expenditure-Capital or revenue – Purchase of software – Not necessary that income must be earned because of such expenditure.[S. 28(i)]