https://www.taxtmi.com/caselaws?id=266122 The Tribunal upheld the allowability of the cost of the abandoned film as revenue expenditure, supporting the appellant's treatment of film production as stock-in-trade. The Tribunal referenced judicial decisions, including those from the Bombay High Court, to justify the deduction of the expenditure. The Revenue's appeal was dismissed, emphasizing the consistent application of relevant judicial precedents in determining revenue expenditure. en-us Thu, 01 Jan 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266122 The Tribunal upheld the allowability of the cost of the abandoned film as revenue expenditure, supporting the appellant's treatment of film production as stock-in-trade. The Tribunal referenced judicial decisions, including those from the Bombay High Court, to justify the deduction of the expenditure. The Revenue's appeal was dismissed, emphasizing the consistent application of relevant judicial precedents in determining revenue expenditure. Case-Laws Income Tax Thu, 01 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266122