https://www.taxtmi.com/caselaws?id=169187 The court upheld the decision of the Commissioner of Income-tax (Appeals) to allow the write off of the cost of production of a television serial as business expenditure. The Revenue's appeal contesting the write off was dismissed, with the court emphasizing that abandoned serials' production costs can be treated as stock in trade and deducted as business expenses. The judgment, rendered on September 12, 2014, supported the Commissioner's findings based on relevant case law, concluding that the write off was justified despite Doordarshan's rejection of the serial. en-us Fri, 12 Sep 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169187 The court upheld the decision of the Commissioner of Income-tax (Appeals) to allow the write off of the cost of production of a television serial as business expenditure. The Revenue's appeal contesting the write off was dismissed, with the court emphasizing that abandoned serials' production costs can be treated as stock in trade and deducted as business expenses. The judgment, rendered on September 12, 2014, supported the Commissioner's findings based on relevant case law, concluding that the write off was justified despite Doordarshan's rejection of the serial. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169187