https://www.taxtmi.com/caselaws?id=118087 The ITAT allowed the appeal filed by the assessee, overturning the disallowances of bad debts and software expenses. The ITAT held that the assessee fulfilled the conditions under section 36(1)(vii) for bad debts deduction, even without demonstrative proof of badness of the debt. Additionally, the software expenses for anti-virus program and software upgradation were considered revenue expenditure due to their essential nature for computer efficiency and annual updates, resulting in no enduring benefits. The Assessing Officer was directed to delete the disallowances based on these findings. en-us Thu, 26 Feb 2004 00:00:00 +0530 Thu, 28 Jun 2012 13:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118087 The ITAT allowed the appeal filed by the assessee, overturning the disallowances of bad debts and software expenses. The ITAT held that the assessee fulfilled the conditions under section 36(1)(vii) for bad debts deduction, even without demonstrative proof of badness of the debt. Additionally, the software expenses for anti-virus program and software upgradation were considered revenue expenditure due to their essential nature for computer efficiency and annual updates, resulting in no enduring benefits. The Assessing Officer was directed to delete the disallowances based on these findings. Case-Laws Income Tax Thu, 26 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118087