https://www.taxtmi.com/caselaws?id=757266 ITAT Mumbai-AT decided two issues in favor of the assessee. First, software license expenses were held to be revenue expenditure, not capital, following precedent from a coordinate bench decision in 2015 involving similar software products. Second, regarding disallowance under section 40(a)(ia), the assessee had made contractor payments and professional service fees subject to TDS under sections 194C and 194J. While admitting Rs. 98,363 had lesser TDS deduction by Rs. 7,220, the assessee voluntarily disallowed 30% (Rs. 29,063) in income computation. CIT(A)'s deletion of AO's disallowance was upheld as justified. en-us Fri, 16 Aug 2024 00:00:00 +0530 Wed, 21 Aug 2024 08:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757266 ITAT Mumbai-AT decided two issues in favor of the assessee. First, software license expenses were held to be revenue expenditure, not capital, following precedent from a coordinate bench decision in 2015 involving similar software products. Second, regarding disallowance under section 40(a)(ia), the assessee had made contractor payments and professional service fees subject to TDS under sections 194C and 194J. While admitting Rs. 98,363 had lesser TDS deduction by Rs. 7,220, the assessee voluntarily disallowed 30% (Rs. 29,063) in income computation. CIT(A)'s deletion of AO's disallowance was upheld as justified. Case-Laws Income Tax Fri, 16 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757266