https://www.taxtmi.com/caselaws?id=75530 The court addressed various issues related to tax assessments for the assessment year 2001-02. It ruled in favor of treating software purchase expenditure as capital, emphasizing the enduring benefit aspect. The court allowed a 10% deduction under section 80HHC for interest income and held that written back provision and exchange rate difference should not be excluded from business profits. Additionally, it agreed that sales tax collections should be excluded from business profits for deduction under section 80HHC, aligning with previous judgments for consistency and practical application of the law. en-us Mon, 30 Jun 2008 00:00:00 +0530 Thu, 22 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75530 The court addressed various issues related to tax assessments for the assessment year 2001-02. It ruled in favor of treating software purchase expenditure as capital, emphasizing the enduring benefit aspect. The court allowed a 10% deduction under section 80HHC for interest income and held that written back provision and exchange rate difference should not be excluded from business profits. Additionally, it agreed that sales tax collections should be excluded from business profits for deduction under section 80HHC, aligning with previous judgments for consistency and practical application of the law. Case-Laws Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75530