https://www.taxtmi.com/caselaws?id=347487 The ITAT upheld the CIT(A)'s decision that the license fee and data management service charges for the 'Vision Plus' software were revenue expenditures, not capital in nature. The payments did not provide an enduring benefit to the assessee, as per the EULA terms, and were allowable under section 37 of the Income Tax Act. The Revenue's appeal was dismissed. en-us Fri, 01 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347487 The ITAT upheld the CIT(A)'s decision that the license fee and data management service charges for the 'Vision Plus' software were revenue expenditures, not capital in nature. The payments did not provide an enduring benefit to the assessee, as per the EULA terms, and were allowable under section 37 of the Income Tax Act. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347487