https://www.taxtmi.com/caselaws?id=76404 The High Court upheld the Tribunal's decision, ruling that a bank account, specifically a passbook, cannot be considered as books of account for claiming deductions under rule 9A of the Income-tax Rules, 1962. The Court emphasized the mandatory nature of maintaining books of account by the film producer for seeking deductions under the rule. The appeal was dismissed in favor of the Revenue, affirming that the passbook maintained by the bank does not fulfill the requirement of books of account as specified in the rule. en-us Fri, 07 Nov 2008 00:00:00 +0530 Fri, 16 Sep 2011 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76404 The High Court upheld the Tribunal's decision, ruling that a bank account, specifically a passbook, cannot be considered as books of account for claiming deductions under rule 9A of the Income-tax Rules, 1962. The Court emphasized the mandatory nature of maintaining books of account by the film producer for seeking deductions under the rule. The appeal was dismissed in favor of the Revenue, affirming that the passbook maintained by the bank does not fulfill the requirement of books of account as specified in the rule. Case-Laws Income Tax Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76404