https://www.taxtmi.com/caselaws?id=219772 The High Court upheld the Tribunal's decision, ruling in favor of the revenue and against the assessee on all three issues. The installation expenditure and software expenses were deemed capital in nature due to their connection with assets, while the disallowed amount was considered income from other sources rather than a bad debt or business loss. The appeal was dismissed with no order as to costs. en-us Tue, 18 Dec 2012 00:00:00 +0530 Mon, 24 Dec 2012 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219772 The High Court upheld the Tribunal's decision, ruling in favor of the revenue and against the assessee on all three issues. The installation expenditure and software expenses were deemed capital in nature due to their connection with assets, while the disallowed amount was considered income from other sources rather than a bad debt or business loss. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219772