Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Feature film production deduction rules govern cost of production claims, carry forward treatment, and crediting of exhibition receipts. Deduction is allowed in computing profits and gains from the business of producing feature films for the cost of production of a feature film certified for release by the Board of Film Censors, subject to exclusions for positive prints, post-certification advertisement, and relevant subsidy adjustment. The deduction depends on whether exhibition rights are sold, the film is commercially released within the prescribed period, or receipts are credited in the books, with unabsorbed cost carried forward where applicable. The rule also treats lease and minimum guarantee transfers as sale of exhibition rights and permits alternative allowance where the Assessing Officer considers the normal method inapplicable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Feature film production deduction rules govern cost of production claims, carry forward treatment, and crediting of exhibition receipts.
Deduction is allowed in computing profits and gains from the business of producing feature films for the cost of production of a feature film certified for release by the Board of Film Censors, subject to exclusions for positive prints, post-certification advertisement, and relevant subsidy adjustment. The deduction depends on whether exhibition rights are sold, the film is commercially released within the prescribed period, or receipts are credited in the books, with unabsorbed cost carried forward where applicable. The rule also treats lease and minimum guarantee transfers as sale of exhibition rights and permits alternative allowance where the Assessing Officer considers the normal method inapplicable.
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