https://www.taxtmi.com/caselaws?id=359497 The ITAT dismissed the Revenue's appeal, upholding the decisions of the Ld. CIT(A) on all issues raised in the case. The disallowance of software usage charges under section 40(a)(ia) was deleted due to the retrospective effect of an amendment and the circumstances of the case. The applicability of CBDT Notification No. 21/2012 was upheld, exempting TDS deduction for software acquisition locally. Additionally, the addition based on AIR information was deleted as the income was offered for tax in the subsequent year when invoiced, with no loss of revenue to the department. en-us Fri, 27 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359497 The ITAT dismissed the Revenue's appeal, upholding the decisions of the Ld. CIT(A) on all issues raised in the case. The disallowance of software usage charges under section 40(a)(ia) was deleted due to the retrospective effect of an amendment and the circumstances of the case. The applicability of CBDT Notification No. 21/2012 was upheld, exempting TDS deduction for software acquisition locally. Additionally, the addition based on AIR information was deleted as the income was offered for tax in the subsequent year when invoiced, with no loss of revenue to the department. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359497