https://www.taxtmi.com/caselaws?id=205879 The Court upheld the Tribunal's decision to treat computer software expenses as revenue expenditure due to technological advancements, dismissing the appeal filed by the revenue. The judgment emphasized the distinction between capital and revenue expenditure in the context of software development and the evolving nature of technology in the industry. en-us Fri, 25 Feb 2011 00:00:00 +0530 Fri, 17 Aug 2012 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205879 The Court upheld the Tribunal's decision to treat computer software expenses as revenue expenditure due to technological advancements, dismissing the appeal filed by the revenue. The judgment emphasized the distinction between capital and revenue expenditure in the context of software development and the evolving nature of technology in the industry. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205879