Computing the profits and gains of the business of production of ...

Case Laws Income Tax

November 7, 2020

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

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Computing the profits and gains of the business of production of ...

Case Laws Income Tax

November 7, 2020

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