2011 (7) TMI 953 - HC - Income Tax

Capital or revenue expenditure - Software expenditure - Deduction u/s 80HHC - Tribunal relying upon its order in the assessee's own case relating to asst. yr. 2001-02 held that the software expenditure was a revenue expenditure. The appeal filed by the Revenue for the asst. yr. 2001-02 has been dismissed for want of removal of office objections and thus the order passed by the Tribunal for the asst. yr. 2001-02 has attained finality - Held that: software expenditure was allowable as revenue expenditure - Decided in favor of the assessee