company after deducting there from— (i) accumulated balance of loss; (ii) deferred revenue expenditure; and (iii) other intangible assets; and (b) further reduced
were shown by the assessee in their financial statements as 'Deferred Revenue Expenditures' and written off over a period of five years. Similarly ... revenue expenditure. That, there is no dispute on the nature of the expenditure. That, only the manner of allowing such expenditure under
society, as reduced by the amount of accumulated balance of loss, deferred revenue, expenditure and other intangible assets, if any, as disclosed in the said
expense was revenue in nature. Therefore, the
discussion distinguishing capital and revenue expenditure was superfluous
and inconsequential. When an expenditure is revenue in nature ... assessee is entitled to claim deferred
revenue expenditure but the Assessing Officer cannot
treat the revenue expenditure as deferred revenue
expenditure. The reason is that
erred
in confirming the action of the learned TPO in treating deferred revenue
expenditure of Rs 70.98 lacs as an ordinary operating expenditure while
computing ... disallowance of expenditure for
purchase of library books and computer software for treating
them as capital expenditure as against revenue expenditure
during
specified period,
the expenditure incurred on renovation and refurbishing was not treated as capital
expenditure but treated as deferred revenue expenditure in the books ... concept of deferred revenue expenditure under the statute and therefore,
once the expenditure is found to be revenue in nature, the same is
allowable
concept of deferred revenue expenditure and what is contemplated is that an expenditure is either capital or revenue expenditure. The fact that even ... deferred revenue expenditure", it presupposes that the concerned expenditure, creating benefit in the revenue field, is a revenue expenditure but considering its enduring benefits
finance institution after deducting therefrom- (i) accumulated balance of loss; (ii) deferred revenue expenditure; and (iii) other intangible assets; and (b) further reduced
were shown by the assessee in their financial statements as 'Deferred Revenue Expenditures' and written off over a period of five years. Similarly ... revenue expenditure. That, there is no dispute on the nature of the expenditure. That, only the manner of allowing such expenditure under
goes to indicate that the deferred revenue expenditure incurred by the assessee was not the current revenue expenditure but was of the capital nature having ... expenditure on rehabilitation of HEMM being deferred revenue expenditure cannot be allowed as revenue expenditure. She also submitted that the rehabilitation work
