https://www.taxtmi.com/caselaws?id=311853 The Tribunal partially allowed the assessee's appeal, treating know-how fees and software expenses as revenue expenditure, and allowing bad debts written off. It directed the AO to re-evaluate royalty payments and repairing expenses to plant and machinery. Interest on income-tax refunds was deemed taxable, but only finalized amounts were to be included. Repairs to buildings were treated as current repairs, and lease rental payments were allowed in the relevant year. The Tribunal upheld the deletion of disallowances on building repairs and SAP R3 software fees. The Revenue's appeal was also partially allowed, with instructions for further assessment by the AO. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 17 Jan 2024 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311853 The Tribunal partially allowed the assessee's appeal, treating know-how fees and software expenses as revenue expenditure, and allowing bad debts written off. It directed the AO to re-evaluate royalty payments and repairing expenses to plant and machinery. Interest on income-tax refunds was deemed taxable, but only finalized amounts were to be included. Repairs to buildings were treated as current repairs, and lease rental payments were allowed in the relevant year. The Tribunal upheld the deletion of disallowances on building repairs and SAP R3 software fees. The Revenue's appeal was also partially allowed, with instructions for further assessment by the AO. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311853