https://www.taxtmi.com/caselaws?id=352858 The High Court affirmed the Tribunal's decision regarding the treatment of software development charges as revenue expenditure, based on the classification of expenses for maintenance and support services as revenue in nature. The Court held that the services provided did not result in acquiring a new asset but were for technical support and maintenance of existing assets. Consequently, the Court found no substantial question of law to interfere and dismissed the appeal brought by the revenue appellant. en-us Wed, 06 Dec 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352858 The High Court affirmed the Tribunal's decision regarding the treatment of software development charges as revenue expenditure, based on the classification of expenses for maintenance and support services as revenue in nature. The Court held that the services provided did not result in acquiring a new asset but were for technical support and maintenance of existing assets. Consequently, the Court found no substantial question of law to interfere and dismissed the appeal brought by the revenue appellant. Case-Laws Income Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352858