https://www.taxtmi.com/caselaws?id=151502 The Tribunal ruled in favor of the assessee on both issues. For the first issue, it upheld the assessee's contention that advances received for acting should not be treated as income until the films materialized, deleting the addition of Rs. 55 lakhs. For the second issue, the Tribunal found the disallowance of expenses paid to M/s. Lakshmi Communication unjustified, as the tax was deducted and remitted before the due date, thus deleting the disallowance of Rs. 4,89,345. Consequently, the appeal was partly allowed. en-us Tue, 19 Jan 2010 00:00:00 +0530 Wed, 18 Dec 2024 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151502 The Tribunal ruled in favor of the assessee on both issues. For the first issue, it upheld the assessee's contention that advances received for acting should not be treated as income until the films materialized, deleting the addition of Rs. 55 lakhs. For the second issue, the Tribunal found the disallowance of expenses paid to M/s. Lakshmi Communication unjustified, as the tax was deducted and remitted before the due date, thus deleting the disallowance of Rs. 4,89,345. Consequently, the appeal was partly allowed. Case-Laws Income Tax Tue, 19 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151502