https://www.taxtmi.com/caselaws?id=257336 The High Court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order on treating expenditure for T.V. film production as revenue. The Court noted the issue was settled by previous decisions and criticized the Revenue for persisting without valid reasons. Emphasizing the need for judicious appeal filing, the Court directed a review of pending appeals and warned of costs for unjustified appeals. The Revenue was instructed to withdraw settled issue appeals and provide justifications for new ones. Failure to comply would lead to costs on the Commissioner of Income Tax. The appeal was dismissed with no costs, with orders communicated for necessary action. en-us Mon, 19 Jan 2015 00:00:00 +0530 Sat, 07 Nov 2015 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257336 The High Court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order on treating expenditure for T.V. film production as revenue. The Court noted the issue was settled by previous decisions and criticized the Revenue for persisting without valid reasons. Emphasizing the need for judicious appeal filing, the Court directed a review of pending appeals and warned of costs for unjustified appeals. The Revenue was instructed to withdraw settled issue appeals and provide justifications for new ones. Failure to comply would lead to costs on the Commissioner of Income Tax. The appeal was dismissed with no costs, with orders communicated for necessary action. Case-Laws Income Tax Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257336