incurred by the assessee
on account of software and professional expenses was a
revenue expenditure?
Assessment year 1997-98
Whether ITAT was correct ... incurred by the assessee
on account of software and professional expenses was a
revenue expenditure?
2. Given aforesaid circumstances, following facts are required
Infotech Limited (hereinafter referred to as "KENSOFT") has developed application software for the first petitioner company and was providing annual maintenance support ... said software. During the renewal of annual maintenance contract, the said KENSOFT without the knowledge of the first petitioner company has introduced that the software
FTIL is engaged in the business of developing and supplying
software for financial and securities market. FTIL is also the
principal provider of software solutions ... office for the purpose of dealing in securities through exchanges.
The main software product of FTIL is marketed under the brand
name `ODIN
INCOME TAX ..... APPELLANT
Through: Mr. Sanjeev Sabharwal, Advocate
Versus
M/S METAPATH SOFTWARE
INTERNATIONAL LTD. . ..RESPONDENT
Through: Mr. R. Satish Kumar, Advocate
with Mr. Parivesh ... main
business of the assessee company is the supply of hardware and software
which is used in the business of rendering telecommunication services
with CCI Europe A/S Denmark for the supply of software for pagination system. That apart, an agreement for maintenance of software was also entered ... second respondent issued a circular on 17.12.2003 to the effect that the software service would be outside the purview of service
undertaking
from the export of articles or things or computer software as specified
therein has to be computed in terms of Section ... that profits derived from the export of
articles or things or computer software shall be the amount which bears to
the profits of the business
Trilogy E-Business Software India ... vs The Deputy Commissioner Of Income Tax on 4 March, 2011
Author: Huluvadi G.Ramesh
Bench: Huluvadi G.Ramesh
Meter Reading Instrument (MRI); and (3) a Base computer system Software (BCS).
150. CEM is metering device supposed to be heart of the meter ... compact device, require a software to access and transfer information as also to ensure data security. The communication is done through an optical link
developing, designing,
improving, producing, marketing, distributing, buying, selling
and importing of computer software. The assessee is entitled
to sub-licence the software developed by Oracle ... local clients. The assessee imports master copies of
the software from Oracle Corporation, USA. These are then
duplicated on blank discs, packed and sold
registered in
U.S.A. Plaintiff No.1 is a leading design software and digital
content company having presence in more than 160
countries ... providing design software to professionals, to
help them in making, managing and marketing their
CS(OS)No.1755/2003 Page 1 of 19
designs
