Dismissing the appeal of the revenue the Court held that  payment made for acquisition of software  utilized for assessee’s existing business is revenue  expenditure  as the US .Company has granted license  for use of software only in India  for limited right of user, without any right to sub license  and the software require upgradation of replacement.

(ITA. No 544 of 2018 dt. 12-2 -2019 ( AY.1998 -99) (ITA NO. 5161 /M/2001  dt. 20-04 -2016)(AY.  1998 -99)