https://www.taxtmi.com/caselaws?id=243573 The ITAT partly allowed the Revenue's appeal, upholding deletions of additions related to software expenses and license fee paid as intangible asset. However, it directed further examination on the issue of disallowance under section 40(a)(ia) for tax deduction. The ITAT also upheld the deletion of additions concerning provision for commission and commission paid to foreign parties, citing a High Court decision that clarified non-taxability of such payments in India. The decisions were based on legal interpretations and previous judgments, ensuring a comprehensive analysis of each issue raised in the appeal. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 05 Feb 2014 06:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243573 The ITAT partly allowed the Revenue's appeal, upholding deletions of additions related to software expenses and license fee paid as intangible asset. However, it directed further examination on the issue of disallowance under section 40(a)(ia) for tax deduction. The ITAT also upheld the deletion of additions concerning provision for commission and commission paid to foreign parties, citing a High Court decision that clarified non-taxability of such payments in India. The decisions were based on legal interpretations and previous judgments, ensuring a comprehensive analysis of each issue raised in the appeal. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243573