https://www.taxtmi.com/caselaws?id=182098 The High Court of Bombay upheld the Tribunal's decisions on all three issues, dismissing the Revenue's appeals. The Court affirmed the deduction for the provision made on account of liability towards DPEA, citing precedents and statutory clarity. Additionally, the Court supported the Assessee's position on the deduction under Section 43B for non-payment of sales tax, referencing relevant case law. The classification of expenses on computer software, electrical work, and lifts as revenue expenditure was also upheld, emphasizing the need to adapt to technological advancements and market demands. en-us Fri, 27 Jun 2014 00:00:00 +0530 Mon, 02 May 2016 22:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182098 The High Court of Bombay upheld the Tribunal's decisions on all three issues, dismissing the Revenue's appeals. The Court affirmed the deduction for the provision made on account of liability towards DPEA, citing precedents and statutory clarity. Additionally, the Court supported the Assessee's position on the deduction under Section 43B for non-payment of sales tax, referencing relevant case law. The classification of expenses on computer software, electrical work, and lifts as revenue expenditure was also upheld, emphasizing the need to adapt to technological advancements and market demands. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182098