The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s. Nov Sara India Pvt. Ltd v. ACIT held that the professional fee paid for product development is business expenditure which can be deducted from the total income. The assessee contended that they have incurred expenditure of Rs.18,86,648/- on account of software […]
The post Professional Fee paid for Product Development is Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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