https://www.taxtmi.com/caselaws?id=30532 The HC held that payments for application software constitute revenue expenditure, not acquisition of a capital asset, because such software merely enhances productivity and aids the manufacturing process rather than creating a distinct enduring asset; accordingly the Tribunal's characterization of the software expenditure as revenue was upheld and the appeals were dismissed. en-us Tue, 19 Jun 2007 00:00:00 +0530 Mon, 15 Sep 2025 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30532 The HC held that payments for application software constitute revenue expenditure, not acquisition of a capital asset, because such software merely enhances productivity and aids the manufacturing process rather than creating a distinct enduring asset; accordingly the Tribunal's characterization of the software expenditure as revenue was upheld and the appeals were dismissed. Case-Laws Income Tax Tue, 19 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30532