https://www.taxtmi.com/caselaws?id=207946 The ITAT Mumbai remanded the case to the AO for reexamination of Software Expenses to determine if they should be treated as Capital Expenditure, emphasizing the need to apply the functional test and principles established by the Special Bench. Regarding Web-Hosting Expenses, the ITAT ruled in favor of treating them as revenue expenditure, citing their essential nature for online business interactions and lack of creation of a capital asset. The appeal was allowed for statistical purposes. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 30 Dec 2011 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207946 The ITAT Mumbai remanded the case to the AO for reexamination of Software Expenses to determine if they should be treated as Capital Expenditure, emphasizing the need to apply the functional test and principles established by the Special Bench. Regarding Web-Hosting Expenses, the ITAT ruled in favor of treating them as revenue expenditure, citing their essential nature for online business interactions and lack of creation of a capital asset. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207946