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)
Film distribution deduction for acquisition cost depends on exhibition rights, release timing, and credited receipts. Deduction is allowed for the cost of acquisition of a feature film in the business of film distribution, subject to the manner and timing of exploitation of exhibition rights. The cost includes amounts paid for acquiring rights of exhibition, including minimum guarantee payments, but excludes print preparation and advertisement expenditure. Depending on whether the distributor sells all rights, exhibits the film commercially, or does neither in the year of acquisition, the deduction may be allowed in full, allowed to the extent of amounts realised, or carried forward to the next previous year, subject to credit of the relevant receipts in the books.
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.
Film distribution deduction for acquisition cost depends on exhibition rights, release timing, and credited receipts.
Deduction is allowed for the cost of acquisition of a feature film in the business of film distribution, subject to the manner and timing of exploitation of exhibition rights. The cost includes amounts paid for acquiring rights of exhibition, including minimum guarantee payments, but excludes print preparation and advertisement expenditure. Depending on whether the distributor sells all rights, exhibits the film commercially, or does neither in the year of acquisition, the deduction may be allowed in full, allowed to the extent of amounts realised, or carried forward to the next previous year, subject to credit of the relevant receipts in the books.
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