Therefore, it was clear that the assessee could not procure the software from anywhere except from the source mentioned by Hundai Motors. In the relevant clause, it was specifically mentioned that the software shall be procured, installed, maintained and upgrated form a source designated by the vehicle manufacturer. The Tribunal noted that as per dealership agreement the relevant clause was related to Data Processing System. The details of such charges incurred for various and if the expenses were of capital nature, the assessee need not have incurred such expenses on a recurring basis. It was also observed that amounts were recovered for usage of software year after year. Hyundai Motor India Limited (HMIL) on Thursday signed an MoU with TATA Indicom to facilitate the implementation of its Global Dealer Management System (GDMS) software that will help all its. The assessee had made similar payment in the subsequent years and the payments were made for the usage of the software and not for bringing into existence a capital asset. The Tribunal observed that rhe software was supplied by the Hundai Motors. Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. The CIT(A) dismissed the appeal of the assessee holding that the expenses was not of revenue in nature and the assessee had received an enduring benefit. We at HMIL, have always kept our customers at the center of everything we do, which has inspired us to constantly innovate and bring to you solutions that touch life beyond automobile. 147 of the Act by making a disallowance of the same after allowing depreciation on the expenses. Hyundai Motor India Limited (HMIL), country’s largest passenger car exporter and the second largest car manufacturer brings to you the Hyundai Mobility Membership. Make sure your device and phone can access internet. Attention: If you want to use the 'Push Alarm' function,make sure of the above points: 1.
The AO completed the assessment u/s 143(3) r.w.s. Android Surveillance Software gDMSS Plus, Android Phone Remote Surveillance Software, which support Push Alarm, Video Playback, Invisible Task wheel, Finger Gesture, Windows Slide and so on. The assessee has debited profit and loss account with software support and maintenance expenses which was disallowed by the AO on the belief that the said expenses could not have been considered as revenue expenditure since there was an enduring benefit to the assessee. Subsequently, the assessment was reopened by issuance of notice u/s 148 of the Act. The assessment of the assessee was initially completed u/s 143(3) of the Income Tax Act, 1961 (the Act). The assessee was a sole proprietor engaged in the sales and service of Hyundai motor cars. The solitary issue in the instant case was whether software expenses namely Global Dealer Management System (GDMS) charges and debited in the profit and loss account as administrative expenses was to be treated as a revenue expenditure or capital expenditure?
– If computer failed to boot up, please enter BOIS system, change the SATA driver to AHCI.Software expenses on Global Dealers Management System of Hyundai motor held to be revenue in nature as it was a recurring expense for better efficiency of running business – Computer system requirements: Year after 2008, 4GB RAM
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