https://www.taxtmi.com/caselaws?id=212512 The court upheld the treatment of club membership fees as revenue expenditure, the classification of income from the sale of Eagle Software as trading income, and the eligibility of the software sale for deduction under Section 10A. However, it set aside the ITAT's decision to allow deduction under Section 80HHE without excluding foreign exchange expenditure. The court also ruled in favor of including royalty from Canada in turnover for Section 80HHE deduction, citing previous decisions. The appeal was partly allowed, with decisions on various issues upheld or set aside accordingly. en-us Fri, 04 Nov 2011 00:00:00 +0530 Thu, 04 Jul 2013 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212512 The court upheld the treatment of club membership fees as revenue expenditure, the classification of income from the sale of Eagle Software as trading income, and the eligibility of the software sale for deduction under Section 10A. However, it set aside the ITAT's decision to allow deduction under Section 80HHE without excluding foreign exchange expenditure. The court also ruled in favor of including royalty from Canada in turnover for Section 80HHE deduction, citing previous decisions. The appeal was partly allowed, with decisions on various issues upheld or set aside accordingly. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212512