https://www.taxtmi.com/caselaws?id=779075 Software expenditure must be classified by examining its true character and supporting evidence; where the nature of the software and its useful life require verification, the matter may be restored for fresh adjudication. Concession fee payable under an airport concession agreement was treated as consideration for contractual rights and privileges, not as tax, duty, cess or fee within section 43B, so it was allowable on accrual basis subject to verification of the amount relating to the year. Mark-to-market loss claims, including foreign exchange fluctuation losses, were also sent back for verification where additional evidence had not yet been examined. The disputed claims were therefore remitted for factual verification rather than finally rejected. en-us Thu, 04 Sep 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779075 Software expenditure must be classified by examining its true character and supporting evidence; where the nature of the software and its useful life require verification, the matter may be restored for fresh adjudication. Concession fee payable under an airport concession agreement was treated as consideration for contractual rights and privileges, not as tax, duty, cess or fee within section 43B, so it was allowable on accrual basis subject to verification of the amount relating to the year. Mark-to-market loss claims, including foreign exchange fluctuation losses, were also sent back for verification where additional evidence had not yet been examined. The disputed claims were therefore remitted for factual verification rather than finally rejected. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779075