Abandoned feature film costs treated as revenue expenditure under Section 37 rather than under Rule 9A, permitting deduction. Rule 9A does not apply to abandoned feature films; production expenditure on such abandoned films is not capital expenditure but is to be treated as revenue expenditure and allowed under Section 37 of the Income-tax Act. The department accepts the judicial position and directs that no appeals be filed or pursued on this ground.
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.
Abandoned feature film costs treated as revenue expenditure under Section 37 rather than under Rule 9A, permitting deduction.
Rule 9A does not apply to abandoned feature films; production expenditure on such abandoned films is not capital expenditure but is to be treated as revenue expenditure and allowed under Section 37 of the Income-tax Act. The department accepts the judicial position and directs that no appeals be filed or pursued on this ground.
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