https://www.taxtmi.com/caselaws?id=203614 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, dismissing the Revenue's appeal regarding the disallowance of building repair expenses, software expenses, and bad debts written off. The Court found the expenses to be revenue in nature, not creating capital assets, and allowable as revenue expenditure based on legal precedents and evidence presented. No substantial question of law was identified to warrant interference with the Tribunal's findings, leading to the rejection of the Revenue's appeal. en-us Mon, 07 Feb 2011 00:00:00 +0530 Fri, 17 Aug 2012 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203614 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, dismissing the Revenue's appeal regarding the disallowance of building repair expenses, software expenses, and bad debts written off. The Court found the expenses to be revenue in nature, not creating capital assets, and allowable as revenue expenditure based on legal precedents and evidence presented. No substantial question of law was identified to warrant interference with the Tribunal's findings, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203614