Whether software expenditure is capital or revenue in nature is to be seen independently in respect of each software

IN THE ITAT BANGALORE BENCH ‘B’ Timken Engineering & Research India (P.) Ltd. Versus Deputy Commissioner of Income-tax, Circle 12(4), Bangalore IT Appeal No. 656 (Bang.) of 2011 [Assessment year 2005-06] October 31, 2012 ORDER Jason P. Boaz, Accountant Member – This appeal by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-IV, Bangalore dt.8.3.2011 for Assessment Year 2005-06. 2. The facts of the case, in brief, are as under : 2.1 The assessee-company (hereinafter referred to as ‘the assessee’), engaged i...