https://www.taxtmi.com/caselaws?id=235005 The appeal by the Revenue challenging the eligibility of service charges for deduction under section 80IB was dismissed. The court clarified that while sales of software were eligible for deduction as they were derived from the industrial undertaking, service charges were to be excluded from the profit calculation. The court aligned with legal precedents, distinguishing between software sales and service charges, and upheld the treatment of software development expenses as revenue expenditure. The decision followed the principles established by the Apex Court and ultimately affirmed the Order of the CIT (A) in its entirety. en-us Tue, 30 Apr 2013 00:00:00 +0530 Mon, 08 Jul 2013 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235005 The appeal by the Revenue challenging the eligibility of service charges for deduction under section 80IB was dismissed. The court clarified that while sales of software were eligible for deduction as they were derived from the industrial undertaking, service charges were to be excluded from the profit calculation. The court aligned with legal precedents, distinguishing between software sales and service charges, and upheld the treatment of software development expenses as revenue expenditure. The decision followed the principles established by the Apex Court and ultimately affirmed the Order of the CIT (A) in its entirety. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235005