Dismissing the appeal of the revenue the Court held that the assessee had only license to use copy right–Allowable as revenue expenditure. (AY.2012-13)
PCIT v. Mobisoft Telesolutions Pvt. Ltd. (2019) 411 ITR 609 (P&H)(HC)
S. 37(1) : Business expenditure–Capital or revenue–Copy right expenses–Only license to use copy right–Allowable as revenue expenditure.