Whether production of motion pictures amounts to manufacture or processing of goods within the meaning of section 101(4)(a) - Income Tax - 24/1969

Circular No. 24 Dated 23/7/1969 Whether production of motion pictures amounts to manufacture or processing of goods within the meaning of section 101(4)(a) 1. The question whether production of cinematographic films, i.e., motion pictures, would amount to manufacture or processing of goods within the meaning of section 104(4)( a ) has been considered by the Board. The Board are advised that a cinema film suitable for exhibition is entirely different from the raw unexposed film which is loaded into the camera in a studio. 2. It has, therefore, been decided by the Board that the production of cinematograph films would amount to the manufacture or processing of goods within the meaning of section 104(4)( a ). Circular: No. 24 [ F. No. 6/22/68-IT(A-I) ], dated 23-7-1969 .