https://www.taxtmi.com/caselaws?id=382743 Software licence fees and software maintenance fees were treated as revenue expenditure because the payments were recurring, made yearly, and related to maintaining software used in the refinery's decision-support and production-optimisation system. The concurrent factual finding accepted by the first appellate authority and the Tribunal was that the outgoings were for maintenance rather than acquisition of a capital asset or a capital advantage. Authorities cited by the Revenue were distinguished because they involved outright software acquisition or integrated hardware-software arrangements. The court held that the Revenue failed to show any legal error in that factual conclusion, so the appeal was dismissed. en-us Mon, 17 Jun 2019 00:00:00 +0530 Tue, 09 Jul 2019 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382743 Software licence fees and software maintenance fees were treated as revenue expenditure because the payments were recurring, made yearly, and related to maintaining software used in the refinery's decision-support and production-optimisation system. The concurrent factual finding accepted by the first appellate authority and the Tribunal was that the outgoings were for maintenance rather than acquisition of a capital asset or a capital advantage. Authorities cited by the Revenue were distinguished because they involved outright software acquisition or integrated hardware-software arrangements. The court held that the Revenue failed to show any legal error in that factual conclusion, so the appeal was dismissed. Case-Laws Income Tax Mon, 17 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382743