https://www.taxtmi.com/caselaws?id=240644 The High Court dismissed the Revenue's appeal for the assessment year 2004-05 as both issues raised were factual findings determined by the Tribunal. The first issue involved provisions made for contracts, where the Tribunal differentiated between provisions based on ascertained liabilities and estimates. The second issue concerned software development charges, which the Tribunal deemed as revenue expenses rather than capital expenses. The High Court declined to entertain further review on these matters, and no costs were awarded. en-us Wed, 06 Mar 2013 00:00:00 +0530 Mon, 09 Dec 2013 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240644 The High Court dismissed the Revenue's appeal for the assessment year 2004-05 as both issues raised were factual findings determined by the Tribunal. The first issue involved provisions made for contracts, where the Tribunal differentiated between provisions based on ascertained liabilities and estimates. The second issue concerned software development charges, which the Tribunal deemed as revenue expenses rather than capital expenses. The High Court declined to entertain further review on these matters, and no costs were awarded. Case-Laws Income Tax Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240644