https://www.taxtmi.com/caselaws?id=412806 The High Court affirmed the Tribunal's decision, ruling that the software expenses and license fee paid by the assessee were classified as revenue expenditures. The Court considered precedents and functional tests to determine that the expenses did not provide enduring benefits but were essential for routine business operations. The revenue's appeals were dismissed, and the substantial questions of law were decided in favor of the assessee. en-us Mon, 20 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412806 The High Court affirmed the Tribunal's decision, ruling that the software expenses and license fee paid by the assessee were classified as revenue expenditures. The Court considered precedents and functional tests to determine that the expenses did not provide enduring benefits but were essential for routine business operations. The revenue's appeals were dismissed, and the substantial questions of law were decided in favor of the assessee. Case-Laws Income Tax Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412806