Dismissing the appeal of the revenue the Court held that software licence expenses and expenditure for software running system is allowable as revenue expenditure. (AY. 2007-08, 2008-09)
CIT v. Danfos Industries (P.) Ltd. (2022) 284 Taxman 475 (Mad.)(HC)
S. 37(1) : Business expenditure-Software licence expenses-Expenditure for software running system-Allowable as revenue expenditure.