Admissibility of expenditure


15 September 2011 One of my client company has incurred 5lacs (paid to an outside agency) for developing and maintaining website of the company. Whether it is revenue exp. or capital? pl.mention relevant judgement. Also reply in context with AS-26?

15 September 2011 It is revenue expenditure.
Citation :- Lyons Technologies ltd Vs. ACIT (2011) 40(II)ITCL 132 (Ahd-A-Tri).

15 September 2011 Dear Sir,
What should be the treatment as per AS-26?
Any highcourt/supremecourt judgement? If possible mail the judgement on vijayguptaca104@yahoo.com. Thanks in advance.




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