https://www.taxtmi.com/caselaws?id=333972 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, classifying expenses for repairs and maintenance as revenue expenses rather than capital, directing the Assessing Officer to allow the claimed expenditure and withdraw depreciation. Additionally, the Tribunal allowed the deduction of software expenses as revenue expenditure, emphasizing their necessity for the business and following precedent from a previous assessment year. The Revenue's appeal was dismissed, affirming the treatment of expenses as revenue and supporting the Assessee's position on software expenses. en-us Mon, 29 Aug 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333972 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, classifying expenses for repairs and maintenance as revenue expenses rather than capital, directing the Assessing Officer to allow the claimed expenditure and withdraw depreciation. Additionally, the Tribunal allowed the deduction of software expenses as revenue expenditure, emphasizing their necessity for the business and following precedent from a previous assessment year. The Revenue's appeal was dismissed, affirming the treatment of expenses as revenue and supporting the Assessee's position on software expenses. Case-Laws Income Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333972