https://www.taxtmi.com/caselaws?id=773507 ITAT Mumbai dismissed revenue's appeal regarding TDS non-deduction on foreign payments under section 40(a)(i) and unexplained expenditure under section 69C. CIT(A)'s deletion of additions was upheld after finding TDS was properly deducted as evidenced in Form 26AS showing Rs. 5,29,04,162/- TDS payment. Additionally, software expenses were correctly treated as revenue expenditure for IT support services and license fees rather than capital expenditure for acquiring software rights, as licenses were renewable annually without creating permanent rights. en-us Wed, 28 May 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773507 ITAT Mumbai dismissed revenue's appeal regarding TDS non-deduction on foreign payments under section 40(a)(i) and unexplained expenditure under section 69C. CIT(A)'s deletion of additions was upheld after finding TDS was properly deducted as evidenced in Form 26AS showing Rs. 5,29,04,162/- TDS payment. Additionally, software expenses were correctly treated as revenue expenditure for IT support services and license fees rather than capital expenditure for acquiring software rights, as licenses were renewable annually without creating permanent rights. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773507