https://www.taxtmi.com/caselaws?id=251411 The appeal was dismissed, affirming the application of Rule 9B of the Income Tax Rules, 1962, and the eligibility of the assessee for a full deduction under the rule for the purchase and sale of cinematographic films. The court held that the assessee was entitled to claim depreciation at 100% as per Rule 9B(2) since the films were purchased and sold within the same year, rejecting the contention that the rights acquired were not cinematographic films but broadcasting/exhibition rights. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, leading to the dismissal of the appeal. en-us Wed, 10 Sep 2014 00:00:00 +0530 Fri, 08 May 2015 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251411 The appeal was dismissed, affirming the application of Rule 9B of the Income Tax Rules, 1962, and the eligibility of the assessee for a full deduction under the rule for the purchase and sale of cinematographic films. The court held that the assessee was entitled to claim depreciation at 100% as per Rule 9B(2) since the films were purchased and sold within the same year, rejecting the contention that the rights acquired were not cinematographic films but broadcasting/exhibition rights. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251411