https://www.taxtmi.com/caselaws?id=284494 The Income Tax Appellate Tribunal (ITAT) partially allowed the Revenue's appeal, permitting software expenses to be treated as revenue expenditure and recognizing business losses on the sale of Canexpo and Bank of India units as business losses. The ITAT emphasized commercial expediency and the nature of investments in determining the treatment of losses, citing relevant legal provisions and precedents. en-us Mon, 25 Feb 2002 00:00:00 +0530 Thu, 21 Nov 2019 16:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284494 The Income Tax Appellate Tribunal (ITAT) partially allowed the Revenue's appeal, permitting software expenses to be treated as revenue expenditure and recognizing business losses on the sale of Canexpo and Bank of India units as business losses. The ITAT emphasized commercial expediency and the nature of investments in determining the treatment of losses, citing relevant legal provisions and precedents. Case-Laws Income Tax Mon, 25 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284494