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2020 (9) TMI 872

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..... contrary - HELD THAT:- First substantial question of law has already been answered against the revenue by this Court in 'COMMISSIONER OF INCOME-TAX Vs. ASEA BROWN BOVERI LTD.' [ 2020 (7) TMI 20 - KARNATAKA HIGH COURT] . The aforesaid fact could not be disputed by the learned counsel for the revenue. For the reasons assigned in the aforesaid judgment, the first substantial question of law .....

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..... ion of personal computers- whether has no enduring benefit - Revenue or capital expenditure - HELD THAT:- As question of law has already been answered against the revenue - appeal is answered against the revenue and in favour of the assessee. Expenditure incurred for acquiring MS-OFFICE Software - Whether is only a license and no asset is acquired or no benefit of enduring nature for the ass .....

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..... ated 24.06.2013 to consider the following substantial questions of law: 1. Whether the Tribunal was correct in holding that cash compensatory assistance and duty drawback is liable to tax receipt basis and not on the accrual basis contrary to the view expressed by it in the case of the assessee for the assessment year 1994-95 and recorded a perverse finding? 2. Whether the Tribunal was c .....

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..... een answered against the revenue by this Court in 'COMMISSIONER OF INCOME-TAX Vs. ASEA BROWN BOVERI LTD.' (2020) 117 TAXMANN.COM 415 (KAR). The aforesaid fact could not be disputed by the learned counsel for the revenue. For the reasons assigned in the aforesaid judgment, the first substantial question of law framed in this appeal is answered against the revenue and in favour of the ass .....

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..... s connection, attention has been invited to paragraph 7 of the judgment. For the reasons assigned in the aforesaid judgment, the third substantial question of law framed in this appeal is answered against the revenue and in favour of the assessee. 6. It is also pointed out that the fourth substantial question of law has already been answered by this Court against the revenue in 'COMMISSI .....

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