https://www.taxtmi.com/caselaws?id=57619 The Tribunal partly allowed the revenue's appeal, restoring the addition made by the Income-tax Appellate Commissioner for the cost of software to be capitalized. The Tribunal classified the expenditure into revenue and capital nature, with the cost of software being categorized as capital expenditure due to its essential technical know-how for effective computer use. The expenditure related to training, testing, and deputing an analyst was deemed revenue in nature. The Tribunal rejected the argument for treating the purchase of software as revenue expenditure based on technological obsolescence, emphasizing the adequacy of the current system for operations. en-us Fri, 24 May 1985 00:00:00 +0530 Sat, 11 Dec 2010 11:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57619 The Tribunal partly allowed the revenue's appeal, restoring the addition made by the Income-tax Appellate Commissioner for the cost of software to be capitalized. The Tribunal classified the expenditure into revenue and capital nature, with the cost of software being categorized as capital expenditure due to its essential technical know-how for effective computer use. The expenditure related to training, testing, and deputing an analyst was deemed revenue in nature. The Tribunal rejected the argument for treating the purchase of software as revenue expenditure based on technological obsolescence, emphasizing the adequacy of the current system for operations. Case-Laws Income Tax Fri, 24 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57619