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ITAT Allows Software Expenses as Revenue Because Licences Were Short-Term and Non-Exclusive
Case Law Details
- Case Name
- Edgeverve Systems Limited Vs ACIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Bangalore
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Edgeverve Systems Limited Vs ACIT (ITAT Bangalore)
Depreciation on Intangible Assets Allowed Because No Succession of Entire Business Took Place; Sixth Proviso to Section 32 Not Applicable Because Predecessor Claimed No Depreciation; Weighted R&D Deduction Allowed Because Rules Cannot Override Section 35(2AB); Foreign Tax Deduction Remanded Because Nature of Tax Requires Verification; Remand by Commissioner (Appeals) Held Invalid Because Post-2001 Powers Are Limited; Goodwill, Technology and Business Contracts Held Eligible Because They Are Commercial Rights
The Income Tax Appellate Tribun...
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