Purchases of the TV Programs/Film rights - Assessee amortised ...

Court Rejects Applying Section 32(ii) for TV Programs, Film Rights; Stresses Consistent Accounting, No AS-26 Precedents.

August 18, 2015

Case Laws Income Tax AT

Purchases of the TV Programs/Film rights - Assessee amortised the "inventories‟ as per the method of accounting consistently followed by him over the years - the argument towards applicability of the AS-26 to the TV Programs and Film rights is not supported by any precedents - AO's proposal to invoke the provisions of section 32(ii) rejected - AT

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Purchases of the TV Programs/Film rights - Assessee amortised ...

Court Rejects Applying Section 32(ii) for TV Programs, Film Rights; Stresses Consistent Accounting, No AS-26 Precedents.

August 18, 2015

Case Laws Income Tax AT

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