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<h1>Supreme Court dismisses Special Leave Petitions on low tax effect, condones delay, leaves question of law open. Pending applications disposed.</h1> <h3>COMMISSIONER OF INCOME TAX -TRICHY Versus THE LAKSHMI VILAS BANK LTD.</h3> The Supreme Court dismissed the Special Leave Petitions due to low tax effect, condoning the delay and leaving the question of law open. Pending ... Nature of expenditure - Allowability of software expenditure - to be treated as a revenue expenditure OR capital expenditure - nature of the advantage in a commercial sense - HELD THAT:- Special Leave Petitions are dismissed on the ground of low tax effect, leaving the question of law open. The Supreme Court dismissed the Special Leave Petitions due to low tax effect, condoning the delay and leaving the question of law open. Pending applications were disposed of. (2019 (2) TMI 1148 - SC Order)