https://www.taxtmi.com/caselaws?id=179537 The ITAT Mumbai upheld the CIT (Appeals) decision that software expenses were revenue expenditure, not capital, allowing them as business expenses. The expenses were for customization and upgrading existing software, providing no enduring benefit. The ITAT also upheld the CIT (Appeals) decision on international travel expenses, deeming them allowable for business purposes, leading to the dismissal of the Revenue's appeal. en-us Wed, 22 Dec 2010 00:00:00 +0530 Thu, 03 Mar 2016 18:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179537 The ITAT Mumbai upheld the CIT (Appeals) decision that software expenses were revenue expenditure, not capital, allowing them as business expenses. The expenses were for customization and upgrading existing software, providing no enduring benefit. The ITAT also upheld the CIT (Appeals) decision on international travel expenses, deeming them allowable for business purposes, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179537