https://www.taxtmi.com/caselaws?id=59632 The Tribunal allowed the appeal, deleting the disallowance of Rs. 11,62,560 for software expenses, as the payments did not provide an enduring benefit and ownership was not transferred. The Tribunal also deleted the disallowance of Rs. 10,24,571 for business loss, recognizing the debts as irrecoverable from business dealings. Both grounds were decided in favor of the assessee, resulting in the deletion of the disallowances for the assessment year. en-us Tue, 13 May 2008 00:00:00 +0530 Tue, 12 Dec 2023 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59632 The Tribunal allowed the appeal, deleting the disallowance of Rs. 11,62,560 for software expenses, as the payments did not provide an enduring benefit and ownership was not transferred. The Tribunal also deleted the disallowance of Rs. 10,24,571 for business loss, recognizing the debts as irrecoverable from business dealings. Both grounds were decided in favor of the assessee, resulting in the deletion of the disallowances for the assessment year. Case-Laws Income Tax Tue, 13 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59632