Expense on installation of software with No enduring benefit qualify as revenue expense

CIT Vs  Chona Financial Services Pvt. Ltd. (Madras High Court) Assessee acquired only a right to use the software (CTCL) and that there was no enduring benefit acquired by the assessee on account of the license promoted by them on payment of annual fee. Software renewal expenditure was incurred every year based on the number of licenses used and that the intellectual property rights of the software were held by the software vendor (FTIL). When the assessee did not derive any enduring benefit and that they were authorized to use the software on payment of annual fee for the purpose of its busi...