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2019 (7) TMI 439 - HC - Income TaxNature of expenses - Software License Fees and Maintenance Fees - revenue or capital expenditure - HELD THAT:- Factual finding recorded by the CIT(A) clearly reveals that the expenditure incurred by the assessee is recurring in nature and has to be treated as revenue in nature. Though the Tribunal has referred to the decision of the Division Bench in Southern Roadways Ltd. [2007 (6) TMI 193 - MADRAS HIGH COURT] yet it has gone through the findings recorded by the CIT(A) and affirmed the findings. Very recently, we had an occasion to consider somewhat a similar question in the case of CIT, Trichy vs. The Lakshmi Vilas Bank Ltd., [2018 (9) TMI 1094 - MADRAS HIGH COURT] and dismissed the tax case appeals filed by the Revenue. This decision of ours has been confirmed by the Hon'ble Supreme Court in CIT vs. Lakshmi Vilas Bank Ltd., [2019 (4) TMI 839 - SC ORDER] by which the special leave petitions were dismissed. - Decided in favour of assessee.
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