Commissioner Of Income Tax-Iv - Appellant(S v. Torrent Pharmaceuticals Ltd - Opponent(S

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD TAX APPEAL No. 1012 of 2011 =========================================================COMMISSIONER OF INCOME TAX-IV - Appellant(s)Versus TORRENT PHARMACEUTICALS LTD - Opponent(s) =========================================================Appearance :MS PAURAMI B SHETHfor Appellant(s) : 1,None for Opponent(s) : 1, ========================================================= CORAM :HONOURABLE MR.JUSTICE V. M. SAHAI and HONOURABLE MR.JUSTICE N.V. ANJARIADate : 30/08/2012 ORAL ORDER (Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard Ms. Paurami Sheth, learned counsel for the Revenue.Admit. We formulate the substantial question of law as under: “Whether the Appellate Tribunal is right in law and on facts in allowing the claim of the assessee for treating software expenses of Rs.7,70,00,000/- as revenue expenditure?” Issue notice to the respondent. Paper Book be submitted within three months. (V.M. SAHAI, J.) (N.V. ANJARIA, J.) (SN DEVU PPS)