2014 (10) TMI 2

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..... eyn ORDER (Delivered by R. Sudhakar,J.) The above Tax Case (Appeals) are filed by the Revenue as against the order of the Income Tax Appellate Tribunal for the assessment year 2002-03 raising the following substantial question of law: "Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure on software is not capital and thereby allowin .....

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..... ollowing the decision of this Court reported in (2008) 304 ITR 84 (Commissioner of Income Tax V. Southern Roadways Ltd.) granted the relief in favour of the assessee. Aggrieved by the same, the Revenue preferred an appeal before the Tribunal, which confirmed the order of the Commissioner of Income Tax (Appeals). Aggrieved by the same, the Revenue is before this Court raising the substantial questi .....

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..... ackages in the present computer world, which revolves on the modern communication technology, enables the assessee to carry on its business operations effectively, efficiently, smoothly and profitably. However, such software itself does  not  work  on a stand alone basis. It has to be fitted to a computer system to work. Such software enhances the efficiency of the operation. It is .....

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