https://www.taxtmi.com/caselaws?id=239142 The Tribunal allowed the deduction for contractual liability paid to M/s. Red Chillies Entertainment Pvt. Ltd., citing commercial expediency. Disallowances on account of wastage of negative films, expenses paid to junior artists, costumes, makeup, dubbing, dancers, setting expenses were reduced or deleted by the Tribunal. The enhancement of disallowance under Rule 9A was also deleted. The penalty under Section 271(1)(c) was removed in line with the quantum appeal decision, resulting in partial relief for the assessee. en-us Wed, 18 Sep 2013 00:00:00 +0530 Tue, 31 Jan 2017 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239142 The Tribunal allowed the deduction for contractual liability paid to M/s. Red Chillies Entertainment Pvt. Ltd., citing commercial expediency. Disallowances on account of wastage of negative films, expenses paid to junior artists, costumes, makeup, dubbing, dancers, setting expenses were reduced or deleted by the Tribunal. The enhancement of disallowance under Rule 9A was also deleted. The penalty under Section 271(1)(c) was removed in line with the quantum appeal decision, resulting in partial relief for the assessee. Case-Laws Income Tax Wed, 18 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239142