Software license fees duration less than two years is revenue expenditure: ITAT Bangalore

Altisource Business Solutions Private Ltd Vs DCIT (ITAT Bangalore) ITAT Bangalore held that if the duration of software license is less than two years, then it should be treated as revenue expenditure and if the duration is more than two years, then it should be treated as capital expenditure. Facts- The case of the assessee was selected for scrutiny. As the assessee had international transaction, AO referred the case to TPO. The shortfall adjustment made for SWD segment at Rs.235,727,549 and for ITeS segment at Rs.505,298,858. Further, TPO computed interest on delay receivables by allowing 3...