2012 (10) TMI 146 - SCH - Income Tax

Telecasting rights of a T.V. Serial - whether entitled to the benefit of Section 80HHC - Held that - Yes, Telecasting rights of a T.V. Serial are entitled to the benefit of Section 80HHC as decided in CIT v. B. Suresh 2009 (3) TMI 4 - SUPREME COURT - in favour of assessee.

Summary

The Supreme Court dismissed a civil appeal filed by the Department concerning Assessment Year 1995-1996. The issue was whether telecasting rights of a TV serial are entitled to the benefit of Section 80HHC of the Income Tax Act, 1961. The Court ruled in favor of the assessee based on the precedent set in CIT v. B. Suresh [2009] 313 ITR 149. No costs were awarded.