https://www.taxtmi.com/caselaws?id=309927 The ITAT Mumbai allowed the appeal in part, directing the AO to treat software expenses as revenue expenditure and rejecting the disallowance of repairs and maintenance expenses as capital expenditure. The decision emphasized the distinction between revenue and capital expenditure, relying on legal precedents to determine the nature of expenses for tax purposes. en-us Fri, 26 Jun 2015 00:00:00 +0530 Wed, 27 Sep 2023 21:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309927 The ITAT Mumbai allowed the appeal in part, directing the AO to treat software expenses as revenue expenditure and rejecting the disallowance of repairs and maintenance expenses as capital expenditure. The decision emphasized the distinction between revenue and capital expenditure, relying on legal precedents to determine the nature of expenses for tax purposes. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309927