https://www.taxtmi.com/caselaws?id=270660 The Appellate Tribunal ITAT Ranchi upheld the decisions of the Commissioner of Income Tax (Appeals) in both issues, dismissing the Revenue's appeal in its entirety. The disallowance of software expenses as revenue expenditure and the addition of excess interest claimed by the assessee were both ruled in favor of the assessee, with the Tribunal finding no fault in the Commissioner's orders based on the arguments presented and lack of evidence supporting the Assessing Officer's contentions. en-us Mon, 02 Nov 2015 00:00:00 +0530 Fri, 01 Jan 2016 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270660 The Appellate Tribunal ITAT Ranchi upheld the decisions of the Commissioner of Income Tax (Appeals) in both issues, dismissing the Revenue's appeal in its entirety. The disallowance of software expenses as revenue expenditure and the addition of excess interest claimed by the assessee were both ruled in favor of the assessee, with the Tribunal finding no fault in the Commissioner's orders based on the arguments presented and lack of evidence supporting the Assessing Officer's contentions. Case-Laws Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270660