https://www.taxtmi.com/caselaws?id=328883 The Tribunal partially allowed the assessee's appeal for the assessment year (A.Y.) 2009-10, treating a portion of software license fees as revenue expenditure and the rest as capital expenditure. The foreign exchange loss disallowed by the Assessing Officer was allowed following the Supreme Court decision. For A.Y. 2005-06, the Tribunal allowed the assessee's appeal, considering software expenses as revenue expenditure. The Revenue's appeal for A.Y. 2009-10 was dismissed. en-us Tue, 07 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 09:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328883 The Tribunal partially allowed the assessee's appeal for the assessment year (A.Y.) 2009-10, treating a portion of software license fees as revenue expenditure and the rest as capital expenditure. The foreign exchange loss disallowed by the Assessing Officer was allowed following the Supreme Court decision. For A.Y. 2005-06, the Tribunal allowed the assessee's appeal, considering software expenses as revenue expenditure. The Revenue's appeal for A.Y. 2009-10 was dismissed. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328883