https://www.taxtmi.com/caselaws?id=381923 The High Court upheld the decision of the CIT(A) and the Tribunal, ruling that the expenditure incurred for computer software was revenue in nature. The Court found that the assessee acquired only a right to use the software without any enduring benefit, leading to the classification of the expenditure as revenue rather than capital. The judgment emphasized the significance of analyzing the terms of the license agreement in determining the nature of the expenditure and concluded that no substantial question of law arose for consideration in the appeal. en-us Mon, 03 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 08:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381923 The High Court upheld the decision of the CIT(A) and the Tribunal, ruling that the expenditure incurred for computer software was revenue in nature. The Court found that the assessee acquired only a right to use the software without any enduring benefit, leading to the classification of the expenditure as revenue rather than capital. The judgment emphasized the significance of analyzing the terms of the license agreement in determining the nature of the expenditure and concluded that no substantial question of law arose for consideration in the appeal. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381923