https://www.taxtmi.com/caselaws?id=397221 The appeal was allowed in favor of the assessee concerning the disallowance of prepaid software expenses. The Tribunal directed the assessing officer to allow the expenses, noting that the invoices and written submissions provided by the assessee supported the validity of the expenses for a 12-month contract. Despite the ld CIT(A) upholding the disallowance without proper verification, the Tribunal found in favor of the assessee based on the evidence presented, ultimately allowing the appeal and instructing the assessing officer to permit the expenses incurred for prepaid software maintenance. en-us Tue, 16 Jun 2020 00:00:00 +0530 Mon, 10 Aug 2020 12:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397221 The appeal was allowed in favor of the assessee concerning the disallowance of prepaid software expenses. The Tribunal directed the assessing officer to allow the expenses, noting that the invoices and written submissions provided by the assessee supported the validity of the expenses for a 12-month contract. Despite the ld CIT(A) upholding the disallowance without proper verification, the Tribunal found in favor of the assessee based on the evidence presented, ultimately allowing the appeal and instructing the assessing officer to permit the expenses incurred for prepaid software maintenance. Case-Laws Income Tax Tue, 16 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397221