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of <h1>Tax authority corrigendum clarifies pre-operative expenses in entertainment sector eligible for amortisation under Income-tax Act section 35D</h1> A central tax authority issues a corrigendum to its earlier letter dated 21.10.2025 concerning the C&AG Performance Audit Report No. 1 of 2019 on assessment of assessees in the entertainment sector. The corrigendum clarifies that references in paragraph 2.1 of the earlier letter to section 32D of the Income-tax Act, 1961 were erroneous and must be read as section 35D. It specifies that pre-operative expenses incurred before commencement of business in the entertainment sector are to be examined with reference to actual commencement of business and allowed, if eligible, for amortisation under section 35D. The correction is issued with competent authority approval.
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