ITAT: Website Development Cost is Intangible Asset !

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The issue of depreciation on website development cost incurred by an assessee has been settled by Income Tax Tribunal ( ITAT) , New Delhi Bench in makemytrip (India) Pvt Ltd vs DCIT Circle  [2012] 19 taxmann.com 137 (Delhi)holding that expenditure on website development is capital expenditure and falls within the block of intangible asset which…