https://www.taxtmi.com/caselaws?id=456839 The ITAT Mumbai held that software license expenses for Windows XP Professional constituted revenue expenditure rather than capital expenditure. The tribunal reasoned that application software for office use becomes obsolete quickly and cannot be treated as a capital asset. Following its own precedent from assessment year 2005-06, the ITAT allowed the deduction under section 37(1) and decided against the revenue department's disallowance. en-us Mon, 24 Jul 2023 00:00:00 +0530 Tue, 20 Aug 2024 23:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456839 The ITAT Mumbai held that software license expenses for Windows XP Professional constituted revenue expenditure rather than capital expenditure. The tribunal reasoned that application software for office use becomes obsolete quickly and cannot be treated as a capital asset. Following its own precedent from assessment year 2005-06, the ITAT allowed the deduction under section 37(1) and decided against the revenue department's disallowance. Case-Laws Income Tax Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456839