engaged in the business of design and development of
customized software applications. Apart from that, it also provided
technical support services during the relevant year ... India. The assessee reported four international
transactions including "Provision of Software Development" with
transacted value of Rs. 20,72,25,235/-, which
direction of the learned CIT(A) in allowing the claim of software development expenses amounting to Rs. 6,76,000.
3.1 The learned senior Departmental ... nature of the accounts of the assessee. He also submitted that its software programs if prepared then the same will last at least
company ostensibly as allocation cost for
joint acquisition of IT infrastructure and software.
3.3-1 The Hon'ble DRP has erred in not appreciating ... Joint acquisition and 801,326,641
Limited development of IT
infrastructure and
software
2. BG India Energy Provision of support 71,045,995
Solutions Private
already factored the cost of interest in its pricing
while providing software development services to its associated
enterprise.
4.4 That the assessing officer/TPO erred ... aggregate book value of
investment in the equity shares of Flextronics Software Systems
Limited ('Flextronics') in the books of the appellant and Future
holiday benefits conferred
under the tax holiday benefits as per the Software Technology Park
4
ITA Nos. 6328/Del/2012; 1088/Del/2014 ... company had acquired five companies/business in
the relevant year, namely, Thunaga Software Pvt. Inc. Ltd.,
purchase of business in GSR Systems Inc., purchase
Software Development And Knowledge ... vs Acit, New Delhi on 18 January, 2017
IN THE INCOME TAX APPELLATE TRIBUNAL
(DELHI BENCH ... 6455/Del./2012
(ASSESSMENT YEAR : 2007-08)
H&S Software Development and vs. ACIT,
Knowledge Management Centre Pvt. Ltd. Circle 12 (1),
MVLi Park
Mentor Graphics (India) Pvt. Ltd. engaged in the
business of software development. The assessee company filed its e-return of
income ... functionally similar to the assessee company.
However, Infosys is engaged in providing software consulting and products,
application design, development, re-engineering and maintenance, system
integration
respectively made on account of software development expenses.
2. During the years under consideration, the assessee had amortized an expenditure ... account of software and professional expenses as deferred revenue expenditure. However, in its books of account, for assessment year 1997-98, it had not written
both numerator and denominator, it is observed that the taxpayer has software development centers at Bangalore namely SSDI & ATLAV, the profits of which ... made by the AO on account of software expenses treating the same as of capital nature which stands deleted by the learned
used solely as an internal reservations system.
"Galileo International Software" means the software used in or with the System that is owned ... Participant in conjunction with the System, including any such software modified by Participant with the consent of Galileo International or its predecessors.
"Galileo International
