https://www.taxtmi.com/caselaws?id=32483 The HC dismissed the appeal, upholding the Tribunal's finding that computer software expenses were revenue in nature and not capital. The court held that deductible expenditure must be revenue in nature and, absent proof of an enduring advantage, software costs-given rapid technological obsolescence-may be treated like consumable inputs rather than plant under s.43(3). The Tribunal's view that the software did not confer lasting benefit was a permissible conclusion, and therefore the challenge failed. en-us Fri, 31 Oct 2008 00:00:00 +0530 Thu, 06 Nov 2025 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32483 The HC dismissed the appeal, upholding the Tribunal's finding that computer software expenses were revenue in nature and not capital. The court held that deductible expenditure must be revenue in nature and, absent proof of an enduring advantage, software costs-given rapid technological obsolescence-may be treated like consumable inputs rather than plant under s.43(3). The Tribunal's view that the software did not confer lasting benefit was a permissible conclusion, and therefore the challenge failed. Case-Laws Income Tax Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32483