https://www.taxtmi.com/caselaws?id=433635 The Tribunal allowed the appeal in favor of the assessee by deleting the disallowance of software costs treated as royalty, following the Supreme Court's precedent. The provision for loss contracts issue was remitted back to the AO for verification, with agreement in principle with the assessee's argument. Additionally, the Tribunal allowed the ESOP expenses as revenue expenditure based on precedents and the nature of the expenses. The appeal was partly allowed for statistical purposes, with specific instructions for verification and reconsideration on the provision for loss contracts. en-us Thu, 22 Dec 2022 00:00:00 +0530 Sat, 04 Feb 2023 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433635 The Tribunal allowed the appeal in favor of the assessee by deleting the disallowance of software costs treated as royalty, following the Supreme Court's precedent. The provision for loss contracts issue was remitted back to the AO for verification, with agreement in principle with the assessee's argument. Additionally, the Tribunal allowed the ESOP expenses as revenue expenditure based on precedents and the nature of the expenses. The appeal was partly allowed for statistical purposes, with specific instructions for verification and reconsideration on the provision for loss contracts. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433635