https://www.taxtmi.com/caselaws?id=253843 The High Court upheld the decisions of the lower authorities regarding the allowability of software and product development expenses claimed by the Assessee for Assessment Year 2005-06. The Court found that the expenses in question were of a revenue nature and did not result in the creation of capital assets. The Revenue's appeal was dismissed as both the Commissioner of Income Tax (Appeals) and the Tribunal had determined that the expenses were routine revenue expenditures. The Court concluded that there was no reason to entertain the proposed question of law and dismissed the appeal without costs. en-us Wed, 26 Nov 2014 00:00:00 +0530 Fri, 05 Dec 2014 12:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253843 The High Court upheld the decisions of the lower authorities regarding the allowability of software and product development expenses claimed by the Assessee for Assessment Year 2005-06. The Court found that the expenses in question were of a revenue nature and did not result in the creation of capital assets. The Revenue's appeal was dismissed as both the Commissioner of Income Tax (Appeals) and the Tribunal had determined that the expenses were routine revenue expenditures. The Court concluded that there was no reason to entertain the proposed question of law and dismissed the appeal without costs. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253843