Computing the profits and gains of the business of production of feature films - the amount realised by...

Computing the profits and gains of the business of production of feature films - the amount realised by the assessee on sale of audio rights and TV rights of the film would fall under the category of “exhibition of films on a commercial basis”. Accordingly, we direct the AO to allow deduction of expenditure incurred on production against the above said receipts also. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X