developing and maintaining software. The employee stated
that he was involved in the design and initial development phase of
a particular software. The Tribunal ... functionalities into the banking software of
KBS and maintaining the software. Placing reliance on a
publication entitled "Information System Audit Reference Book
independent and comprehensive audit of the voting machines
(EVMs) and VVPAT systems used in the elections, including an audit of
their software and hardware
auditor or his
associates for the purposes of conducting the
internal audit of the firm and / or the computer
data etc; and
E The claimant ... appointed Chartered Accountant is
authorized to call for and audit all related books of accounts, software
data, records, documents, invoices, bills, bank statements, verify stock
software development company and is the
owner of the source code of ERP software MFG/PRO. The software is
Gauri Gaekwad
3/34 MVXA ... respect of MFG/PRO software. The
software was supposed to function in a pre-determined manner. In case the
software did not provide the desired
Petitioner, a company, is engaged in providing software
development services in the audit for the period from April 2014 to
June 2017. The Respondents concluded
being software expenses claimed under Section 36(1)(xi)
of the Act by holding that the requirement of filing of Audit Report
along with return ... contention that the software expenses
could not have been allowed since the assessee had not filed
the audit report in the prescribed form along with
M/S.Mahalaxmi Cotton Ginning Pressing vs The State Of Maharashtra & Ors on 11
required audit report had not been
filed during the assessment proceedings;
(F) Whether
ig the expenditure incurred for
indigenisation of software is a Capital Expenditure
Rule made returnable forthwith.
3 Petitioner is engaged in information technology consulting,
software development and business process services. Respondent no.1 is
the Assistant Commissioner ... claiming such deductions,
petitioner filed an audit report in Form No.56F and Form No.10DA. Further,
the details of deduction claimed under Section 10AA
purpose to
RBI Inspection/Audit. Parallel system was prepared for the
CBS (Core Banking Solution-Banking Software) used by
PMC Bank i.e. OMNI
