https://www.taxtmi.com/caselaws?id=236680 The ITAT upheld the CIT(A)'s decisions on both issues, confirming the revenue nature of software expenditure and website development charges. The judgments distinguished between revenue and capital expenditure, emphasizing the purpose of the expenses rather than the creation of capital assets. The Revenue's appeal was dismissed, and the decisions were supported by precedents like Amway Enterprises and CIT vs. Southern Roadways Ltd., as well as the case of CIT vs. Indian Visit.com P. Ltd. en-us Fri, 28 Jan 2011 00:00:00 +0530 Thu, 05 Sep 2013 07:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236680 The ITAT upheld the CIT(A)'s decisions on both issues, confirming the revenue nature of software expenditure and website development charges. The judgments distinguished between revenue and capital expenditure, emphasizing the purpose of the expenses rather than the creation of capital assets. The Revenue's appeal was dismissed, and the decisions were supported by precedents like Amway Enterprises and CIT vs. Southern Roadways Ltd., as well as the case of CIT vs. Indian Visit.com P. Ltd. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236680