https://www.taxtmi.com/caselaws?id=183683 The Tribunal upheld the ld. CIT(A)'s decision to allow software license expenses as revenue expenditure, except for one-time software for indexing operations, which was treated as capital expenditure. The software did not meet the tests for capitalization as it did not provide enduring benefit, was essential for routine operations, and did not alter fixed capital. The Tribunal found that the software expenses were correctly treated as revenue expenditure, in line with relevant case law. The Revenue's appeal was dismissed, and the decision was pronounced on 30th June 2015. en-us Tue, 30 Jun 2015 00:00:00 +0530 Sat, 18 Jun 2016 08:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183683 The Tribunal upheld the ld. CIT(A)'s decision to allow software license expenses as revenue expenditure, except for one-time software for indexing operations, which was treated as capital expenditure. The software did not meet the tests for capitalization as it did not provide enduring benefit, was essential for routine operations, and did not alter fixed capital. The Tribunal found that the software expenses were correctly treated as revenue expenditure, in line with relevant case law. The Revenue's appeal was dismissed, and the decision was pronounced on 30th June 2015. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183683