https://www.taxtmi.com/caselaws?id=259362 The High Court ruled in favor of the assessee on both issues. It held that the disallowance made under section 40(c) of the Income Tax Act, 1961 for remuneration paid to directors was unjustified as the payments were for professional charges related to film production, not as directorial remuneration. Additionally, the Court found that film production activities qualified as an industrial undertaking for deduction under Section 80J of the Act, aligning with manufacturing activities under related laws. en-us Tue, 05 May 2015 00:00:00 +0530 Tue, 11 Aug 2015 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259362 The High Court ruled in favor of the assessee on both issues. It held that the disallowance made under section 40(c) of the Income Tax Act, 1961 for remuneration paid to directors was unjustified as the payments were for professional charges related to film production, not as directorial remuneration. Additionally, the Court found that film production activities qualified as an industrial undertaking for deduction under Section 80J of the Act, aligning with manufacturing activities under related laws. Case-Laws Income Tax Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259362