https://www.taxtmi.com/highlights?id=97965 Characterisation of software expenditure focused on whether payments were capital or revenue; the payments were held to be recurring annual maintenance, database support and licence renewal costs conferring only annual benefits, with no transfer of ownership, no creation of a software asset or enduring benefit to the assessee's asset base. The assessing officer failed to produce cogent material showing a capital asset arose. Operative effect: the payments were treated as revenue expenditure and allowable under income-tax deductibility principles, leading to deletion of the addition and dismissal of the revenue appeal. en-us Mon, 23 Mar 2026 08:49:39 +0530 Mon, 23 Mar 2026 08:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97965 Characterisation of software expenditure focused on whether payments were capital or revenue; the payments were held to be recurring annual maintenance, database support and licence renewal costs conferring only annual benefits, with no transfer of ownership, no creation of a software asset or enduring benefit to the assessee's asset base. The assessing officer failed to produce cogent material showing a capital asset arose. Operative effect: the payments were treated as revenue expenditure and allowable under income-tax deductibility principles, leading to deletion of the addition and dismissal of the revenue appeal. Highlights Income Tax Mon, 23 Mar 2026 08:49:39 +0530 https://www.taxtmi.com/highlights?id=97965