https://www.taxtmi.com/caselaws?id=342559 The ITAT upheld the CIT(A)'s decision on the disallowance of software expenses as capital expenditure, finding the expenses to result in an enduring benefit. Additionally, the ITAT allowed the deduction under section 80IA based on a judgment of the Hon'ble Gujarat High Court, permitting computation at the selling price. General issues concerning interest and penalty proceedings were not separately addressed, as they were of a general nature and did not require adjudication. en-us Thu, 06 Apr 2017 00:00:00 +0530 Mon, 08 May 2017 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342559 The ITAT upheld the CIT(A)'s decision on the disallowance of software expenses as capital expenditure, finding the expenses to result in an enduring benefit. Additionally, the ITAT allowed the deduction under section 80IA based on a judgment of the Hon'ble Gujarat High Court, permitting computation at the selling price. General issues concerning interest and penalty proceedings were not separately addressed, as they were of a general nature and did not require adjudication. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342559