https://www.taxtmi.com/caselaws?id=212374 HC affirmed that software expenditure constituted revenue, not capital, for assessment year 2001-02. Relying on the Tribunal's earlier final order in the taxpayer's own case (the Revenue's appeal for that year having been dismissed for failure to remove objections), the software costs were allowed as revenue expenditure, affecting total turnover and deduction under s. 80HHC. Decision rendered in favor of the taxpayer. en-us Mon, 04 Jul 2011 00:00:00 +0530 Thu, 21 Aug 2025 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212374 HC affirmed that software expenditure constituted revenue, not capital, for assessment year 2001-02. Relying on the Tribunal's earlier final order in the taxpayer's own case (the Revenue's appeal for that year having been dismissed for failure to remove objections), the software costs were allowed as revenue expenditure, affecting total turnover and deduction under s. 80HHC. Decision rendered in favor of the taxpayer. Case-Laws Income Tax Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212374