2022 (11) TMI 554

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.... PER VIKAS AWASTHY, JM: This appeal by the Revenue is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Center, Delhi [ in short the 'CIT(A)' ]dated 09/05/2022 for the assessment year 2017-18. 2. The solitary issue agitated by the Revenue in appeal is against findings of the CIT(A) in holding Software Development Expenditure as revenue in nature. 3. Sh....

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....gular business expenditure and has been incurred for Development of Software for use of clients including export to overseas clients. The CIT(A) reversed the findings of Assessing Officer and held the expenditure to be on revenue account. The ld.Authorized Representative of the assessee supporting the findings of CIT(A) submitted that the Assessing Officer has erred in assuming that the Software D....