https://www.taxtmi.com/caselaws?id=240346 The High Court ruled in favor of the appellant, determining that the media cost for importing the master copy of the software was a revenue expenditure and deductible. Regarding interest under Section 234B, the Court upheld that interest is mandatory and should be calculated on the assessed income. The appeals were disposed of accordingly, with no orders as to costs. en-us Mon, 25 Nov 2013 00:00:00 +0530 Sun, 01 Dec 2013 20:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240346 The High Court ruled in favor of the appellant, determining that the media cost for importing the master copy of the software was a revenue expenditure and deductible. Regarding interest under Section 234B, the Court upheld that interest is mandatory and should be calculated on the assessed income. The appeals were disposed of accordingly, with no orders as to costs. Case-Laws Income Tax Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240346