https://www.taxtmi.com/caselaws?id=361136 The High Court of Bombay dismissed the appeals related to the disallowance of software and miscellaneous expenses treated as capital expenditure. The Court emphasized the commercial nature of the advantages gained and their impact on business operations, distinguishing between revenue and capital expenditure based on enduring benefits and profit-making apparatus expansion. The judgment aligned with established legal principles and precedents, upholding the revenue nature of the expenses in question. en-us Wed, 25 Apr 2018 00:00:00 +0530 Wed, 30 May 2018 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361136 The High Court of Bombay dismissed the appeals related to the disallowance of software and miscellaneous expenses treated as capital expenditure. The Court emphasized the commercial nature of the advantages gained and their impact on business operations, distinguishing between revenue and capital expenditure based on enduring benefits and profit-making apparatus expansion. The judgment aligned with established legal principles and precedents, upholding the revenue nature of the expenses in question. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361136