https://www.taxtmi.com/caselaws?id=212420 The High Court upheld the decisions of the lower authorities in favor of the appellant, a software exporter, regarding the treatment of expenses. Corporate membership fee, ISO certification expenses, and repair costs were deemed revenue expenditure, not capital. Additionally, the Court ruled that exchange rate fluctuation directly related to software export cannot be treated as income from other sources, dismissing the appeal. The decisions were based on established legal precedents and the direct nexus between the expenses and software export transactions. en-us Tue, 22 Nov 2011 00:00:00 +0530 Thu, 14 Nov 2013 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212420 The High Court upheld the decisions of the lower authorities in favor of the appellant, a software exporter, regarding the treatment of expenses. Corporate membership fee, ISO certification expenses, and repair costs were deemed revenue expenditure, not capital. Additionally, the Court ruled that exchange rate fluctuation directly related to software export cannot be treated as income from other sources, dismissing the appeal. The decisions were based on established legal precedents and the direct nexus between the expenses and software export transactions. Case-Laws Income Tax Tue, 22 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212420