https://www.taxtmi.com/caselaws?id=220698 The High Court upheld the Tribunal's decisions concerning the treatment of provision for warranty and software licence fee. The judgments were based on the principles of deduction eligibility for warranty provisions and the classification of software expenses as revenue expenditure due to the limited lifespan of the software. The Court emphasized the importance of historical trends in justifying warranty provisions and reiterated that software licence fees for time-limited usage are considered revenue expenditures. en-us Wed, 23 Mar 2011 00:00:00 +0530 Tue, 05 Feb 2013 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220698 The High Court upheld the Tribunal's decisions concerning the treatment of provision for warranty and software licence fee. The judgments were based on the principles of deduction eligibility for warranty provisions and the classification of software expenses as revenue expenditure due to the limited lifespan of the software. The Court emphasized the importance of historical trends in justifying warranty provisions and reiterated that software licence fees for time-limited usage are considered revenue expenditures. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220698