https://www.taxtmi.com/caselaws?id=360369 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 9,98,65,912/- for under-disclosed receipts, as the receipts represented service tax charged on receipts and were duly disclosed in accordance with accounting policies. Additionally, the ITAT confirmed the CIT(A)'s treatment of payments to GE Capital Corporation for 'Vision Plus' software as revenue expenditure, emphasizing the lack of enduring benefits. The ITAT stressed the importance of consistency in judicial decisions and upheld the CIT(A)'s rulings, dismissing the Revenue's appeal. en-us Thu, 05 Oct 2017 00:00:00 +0530 Wed, 16 May 2018 06:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360369 The ITAT upheld the CIT(A)'s decision to delete the addition of Rs. 9,98,65,912/- for under-disclosed receipts, as the receipts represented service tax charged on receipts and were duly disclosed in accordance with accounting policies. Additionally, the ITAT confirmed the CIT(A)'s treatment of payments to GE Capital Corporation for 'Vision Plus' software as revenue expenditure, emphasizing the lack of enduring benefits. The ITAT stressed the importance of consistency in judicial decisions and upheld the CIT(A)'s rulings, dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 05 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360369