2012 (5) TMI 662

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....FCA For the Respondent : Shri Anirudh Rai, IRS, CIT ORDER PER Dr. O.K.NARAYANAN, VICE PRESIDENT This appeal is filed by the assessee. The appeal is filed against the revision order passed by the Commissioner of Income-tax, Chennai-I under sec.263 of the Income-tax Act, 1961. The revision order has been passed on 3.2.2011. 2. In computing the taxable income, the assessee has claim....

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.... with law and in the light of the observations made by the Commissioner. 3. We heard both sides in detail. The Commissioner of Income-tax has fairly stated in the last paragraph of the revision order that the Assessing Officer had obtained the evidence for purchase of software expenses. He has also fairly stated in the order that he has not at all questioned the very purchase of software. Havin....

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....has spent the amounts for running its software system and not for acquiring any new system. Consumables and others were purchased for servicing the existing net work. This is the same which goes with the servicing as well. Another item is internet charges and small expenditure expended on training. The major amount is spent for IT help desk. It is to be seen that none of these expenses was incurre....