https://www.taxtmi.com/caselaws?id=401671 The Tribunal allowed the assessee's appeal, ruling in favor of treating the provision for software expenses as an ascertained liability and deleting the disallowance of software expenses for non-deduction of tax at source. The issue of treating software expenses as capital expenditure was remanded to the AO for reevaluation based on specific guidelines regarding the validity of software licenses. The Tribunal upheld the CIT(A)'s decision on the deduction under Section 10A of the Income Tax Act, following relevant court precedents. The Tribunal provided detailed directions for the AO's fresh examination of the remanded issues. en-us Fri, 11 Dec 2020 00:00:00 +0530 Tue, 27 Apr 2021 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401671 The Tribunal allowed the assessee's appeal, ruling in favor of treating the provision for software expenses as an ascertained liability and deleting the disallowance of software expenses for non-deduction of tax at source. The issue of treating software expenses as capital expenditure was remanded to the AO for reevaluation based on specific guidelines regarding the validity of software licenses. The Tribunal upheld the CIT(A)'s decision on the deduction under Section 10A of the Income Tax Act, following relevant court precedents. The Tribunal provided detailed directions for the AO's fresh examination of the remanded issues. Case-Laws Income Tax Fri, 11 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401671