https://www.taxtmi.com/caselaws?id=279697 The Appellate Tribunal ITAT Bangalore ruled in favor of the assessee in a case concerning tax deduction on software purchases and the disallowance of expenses under sections 40(a)(i) and 40(a)(ia). The tribunal emphasized that tax liability should be determined based on the law at the time of payment, rejecting retrospective imposition of tax obligations. The decision upheld the CIT (A)'s decision, citing precedents and dismissing the Revenue's appeal. en-us Wed, 23 Nov 2016 00:00:00 +0530 Tue, 02 Apr 2019 07:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279697 The Appellate Tribunal ITAT Bangalore ruled in favor of the assessee in a case concerning tax deduction on software purchases and the disallowance of expenses under sections 40(a)(i) and 40(a)(ia). The tribunal emphasized that tax liability should be determined based on the law at the time of payment, rejecting retrospective imposition of tax obligations. The decision upheld the CIT (A)'s decision, citing precedents and dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279697