https://www.taxtmi.com/caselaws?id=327119 The ITAT upheld the Commissioner of Income-tax (Appeals)'s decision to delete the disallowance of software purchase amount as capital expenses and provision for sale and maintenance of software. The ITAT emphasized the importance of consistent accounting practices and adherence to relevant accounting standards in determining taxable income, ultimately dismissing the Department's appeal. en-us Mon, 18 Jan 2016 00:00:00 +0530 Wed, 04 May 2016 09:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327119 The ITAT upheld the Commissioner of Income-tax (Appeals)'s decision to delete the disallowance of software purchase amount as capital expenses and provision for sale and maintenance of software. The ITAT emphasized the importance of consistent accounting practices and adherence to relevant accounting standards in determining taxable income, ultimately dismissing the Department's appeal. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327119