https://www.taxtmi.com/caselaws?id=220999 The High Court dismissed the appeals, ruling in favor of treating software expenses as revenue expenditure, excluding sales tax subsidy from business income, not deducting discounts received from profits under Section 80HHC, and dismissing the appeal on restoration of prior period expenses due to lack of substantial legal question. The Court provided detailed analysis and reasoning for each issue, upholding the Tribunal's decisions and distinguishing previous judgments to support its conclusions. en-us Wed, 06 Feb 2013 00:00:00 +0530 Sat, 16 Feb 2013 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220999 The High Court dismissed the appeals, ruling in favor of treating software expenses as revenue expenditure, excluding sales tax subsidy from business income, not deducting discounts received from profits under Section 80HHC, and dismissing the appeal on restoration of prior period expenses due to lack of substantial legal question. The Court provided detailed analysis and reasoning for each issue, upholding the Tribunal's decisions and distinguishing previous judgments to support its conclusions. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220999