https://www.taxtmi.com/caselaws?id=369926 The appeal was admitted based on substantial questions of law regarding the treatment of computer software acquisition costs and foreign exchange expenditures in income computation. The first substantial question regarding the capital nature of computer software acquisition costs was not decided due to the assessee's benefit under Section 10A of the Income Tax Act. The third substantial question concerning the treatment of foreign exchange expenditures in export turnover and total turnover calculations was answered in favor of the assessee, aligning with principles established in a Supreme Court decision. The appeal was partly allowed only with respect to the third substantial question, resulting in no costs being awarded. en-us Mon, 08 Oct 2018 00:00:00 +0530 Mon, 05 Nov 2018 13:30:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369926 The appeal was admitted based on substantial questions of law regarding the treatment of computer software acquisition costs and foreign exchange expenditures in income computation. The first substantial question regarding the capital nature of computer software acquisition costs was not decided due to the assessee's benefit under Section 10A of the Income Tax Act. The third substantial question concerning the treatment of foreign exchange expenditures in export turnover and total turnover calculations was answered in favor of the assessee, aligning with principles established in a Supreme Court decision. The appeal was partly allowed only with respect to the third substantial question, resulting in no costs being awarded. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369926