https://www.taxtmi.com/caselaws?id=238972 The Tribunal decided in favor of the assessee regarding the allowability of Software Consumable Expenses, ruling them as revenue expenditure. However, the issue of Capitalization of Software and Hardware Expenses was partly allowed in favor of the Assessing Officer, with the matter sent back for further consideration. Interest levy under sections 234B and 234C was partially allowed in favor of the Revenue. The deduction under section 80HHE for computing book profits was allowed in favor of the assessee, following the Supreme Court's decision. The issue of carry forward of losses was dismissed as the assessee did not press the grounds. Relief under section 90 and the refund order issues were not explicitly addressed in the provided text. en-us Wed, 12 Dec 2012 00:00:00 +0530 Fri, 01 Nov 2013 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238972 The Tribunal decided in favor of the assessee regarding the allowability of Software Consumable Expenses, ruling them as revenue expenditure. However, the issue of Capitalization of Software and Hardware Expenses was partly allowed in favor of the Assessing Officer, with the matter sent back for further consideration. Interest levy under sections 234B and 234C was partially allowed in favor of the Revenue. The deduction under section 80HHE for computing book profits was allowed in favor of the assessee, following the Supreme Court's decision. The issue of carry forward of losses was dismissed as the assessee did not press the grounds. Relief under section 90 and the refund order issues were not explicitly addressed in the provided text. Case-Laws Income Tax Wed, 12 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238972