https://www.taxtmi.com/caselaws?id=151731 The appeal was partly allowed with the Tribunal restoring the valuation of closing stock issue to the Assessing Officer for fresh adjudication. The treatment of license fees for computer software as capital expenditure was upheld, in line with the Rajasthan High Court's decision. The Tribunal allowed the grounds related to EMD gross receipts and interest on overdue accounts, following prior decisions and considering them as part of business income. en-us Fri, 05 Jan 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151731 The appeal was partly allowed with the Tribunal restoring the valuation of closing stock issue to the Assessing Officer for fresh adjudication. The treatment of license fees for computer software as capital expenditure was upheld, in line with the Rajasthan High Court's decision. The Tribunal allowed the grounds related to EMD gross receipts and interest on overdue accounts, following prior decisions and considering them as part of business income. Case-Laws Income Tax Fri, 05 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151731