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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Disallowance u/s 37(1) - expenditure on abandoned films - Rule ...


No Disallowance u/s 37(1) for Unclaimed Expenditure on Abandoned Film "Shabari" per Rule 9A Application.

September 28, 2015

Case Laws     Income Tax     AT

Disallowance u/s 37(1) - expenditure on abandoned films - Rule 9A - assessee has shown the expenditure incurred towards the film ‘Shabari’, as his closing stock of the relevant financial year and has not claimed it as expenditure. When there is no claim, there can be no disallowance of the same. - AT

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