https://www.taxtmi.com/caselaws?id=402479 The ITAT remanded the case to the Ld. CIT(A) for further examination regarding the appellant's claim for deduction under section 35(1)(iv) of the IT Act. The Tribunal instructed the Ld. CIT(A) to verify if the appellant acquired any copyright or ownership in the developed software products, following the Karnataka HC's decision in Talisma Corporation Pvt. Ltd. The appeal by the revenue was allowed for statistical purposes, necessitating further verification by the Ld. CIT(A). en-us Tue, 29 Sep 2020 00:00:00 +0530 Wed, 30 Oct 2024 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402479 The ITAT remanded the case to the Ld. CIT(A) for further examination regarding the appellant's claim for deduction under section 35(1)(iv) of the IT Act. The Tribunal instructed the Ld. CIT(A) to verify if the appellant acquired any copyright or ownership in the developed software products, following the Karnataka HC's decision in Talisma Corporation Pvt. Ltd. The appeal by the revenue was allowed for statistical purposes, necessitating further verification by the Ld. CIT(A). Case-Laws Income Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402479