M/S. ROBOSOFT TECHNOLOGIES PVT. LTD.,,UDUPI vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1, UDUPI
In the result, the four appeals filed by the assessee are allowed in the terms indicated above
ITA 497/BANG/2017[2010 - 2011]Status: DisposedITAT Bangalore29 Nov 2019
Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale
For Appellant: Smt. Sheetal Borkar, AdvocateFor Respondent: Shri Shahnawaz-ul-Rahman, JCIT (DR)
Section 10ASection 36(1)(iii)
5 of 12
of getting an asset ready for its intended use or sale.
Regardless of the treatment by the assessee in its books, it is to be noted that expenses have to be allocated as per its nature i.e., whether it is routine business expenses or an expense which has some specific nature. Proviso to section
