Tax Appeal Dismissed: Telecasting Rights Dispute Resolved

The SC dismissed the Department's civil appeal for AY 1995-1996, regarding telecasting rights of a TV serial under Section 80HHC of the Income Tax Act, 1961, in favor of the assessee citing CIT v. B. Suresh [2009] 313 ITR 149, with no costs awarded.

---

---

The Supreme Court dismissed a civil appeal filed by the Department concerning Assessment Year 1995-1996. The issue was whether telecasting rights of a TV serial are entitled to the benefit of Section 80HHC of the Income Tax Act, 1961. The Court ruled in favor of the assessee based on the precedent set in CIT v. B. Suresh [2009] 313 ITR 149. No costs were awarded.

---