TMI Blog2011 (7) TMI 953X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 - IT Appeal No. 4176 of 2009 - - - Dated:- 4-7-2011 - J.P. Devadhar, A.A. Sayed, JJ. Suchitra Kamble for the Appellant V. Murlidhar for the Respondent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reduced while computing profit of the business?" 2. As regards the first question, 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 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct the assessee's business more efficiently or more profitably but it is not in the nature of profit-making apparatus. We, therefore, decide this issue also in favour of the assessee and we hold that this expenditure of Rs. 20.60 lakhs is revenue expenditure. We hold so by following the judgment of the Special Bench of the Tribunal relied upon by the learned Authorised Representative of the assess ..... X X X X Extracts X X X X X X X X Extracts X X X X
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