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Software License Fees Without Enduring Benefits is Revenue Expenditure
Case Law Details
- Case Name
- CIT Vs Danfos Industries Pvt Ltd (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08 and 2008-09
- Courts
- All High Courts, Madras High Court
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CIT Vs Danfos Industries Pvt Ltd (Madras High Court)
In a significant ruling for businesses, the Madras High Court has dismissed appeals filed by the Revenue against Danfoss Industries Pvt. Ltd., affirming that software expenses, including license fees, incurred by the company are to be treated as revenue expenditure rather than capital expenditure. The decision, delivered in the case of CIT vs. Danfoss Industries Pvt. Ltd., upholds the findings of the Income Tax Appellate Tribunal (ITAT) and the Commissioner of Income Tax (Appeals).
Software Expenses: Revenue or Capital?
The core of the dispu...
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