TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appeal dismissed on deleted film production expenditure, following 1993-94 precedent.</h1> The Bombay HC dismissed the appeal on the deletion of expenditure for an abandoned film production, upholding the ITAT decision based on a precedent from ... Addition being the expenditure incurred on production of a film which is abandoned before it was completed - Held that:- The ITAT has deleted the disallowance of expenditure made by the assessing officer by relying upon its decision in the assessee’s own case for assessment year 1993-94. Counsel for the revenue states that he has been informed by the concerned officer that no appeal has been filed by the revenue against the decision of the ITAT in the assessee’s own case for assessment year 1993-94. No fault in the decision of the ITAT relating to assessment year 1993-94 is pointed out. In this view of the matter, no fault can be found with the decision of the ITAT in deleting the addition made by the assessing officer The Bombay High Court dismissed the appeal regarding the deletion of expenditure incurred on a film production that was abandoned before completion. The ITAT decision was upheld based on a previous case for assessment year 1993-94. No appeal was filed against the ITAT decision for that year. The appeal was dismissed with no costs.
TaxTMI 
TaxTMI 
