https://www.taxtmi.com/caselaws?id=430130 The Tribunal upheld the CIT(A)'s decision regarding Software Development Expenditure for the assessment year 2017-18. The Revenue's appeal was dismissed as the expenditure was deemed to be regular business expenditure aimed at generating revenue, not for internal use. The expenses were related to providing automation, software, and hardware engineering services to clients, including overseas clients. The Tribunal found the expenditure to be in the regular course of business, supporting the CIT(A)'s classification of the expenditure as revenue in nature. en-us Mon, 19 Sep 2022 00:00:00 +0530 Sat, 12 Nov 2022 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430130 The Tribunal upheld the CIT(A)'s decision regarding Software Development Expenditure for the assessment year 2017-18. The Revenue's appeal was dismissed as the expenditure was deemed to be regular business expenditure aimed at generating revenue, not for internal use. The expenses were related to providing automation, software, and hardware engineering services to clients, including overseas clients. The Tribunal found the expenditure to be in the regular course of business, supporting the CIT(A)'s classification of the expenditure as revenue in nature. Case-Laws Income Tax Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430130