https://www.taxtmi.com/caselaws?id=329792 The Tribunal allowed the appeal by the assessee, directing the Assessing Officer to delete the disallowance of Rs. 45.83 lakhs. It emphasized the commercial decision-making process and rejected the tax authorities' approach to the valuation of the film rights. The Tribunal found no justification for comparing transactions in different periods, upheld the commercial rationale behind the assessee's decision, and concluded that the AO and CIT(A) erred in restricting the loss claimed by the assessee. en-us Tue, 07 Jun 2016 00:00:00 +0530 Sat, 09 Jul 2016 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329792 The Tribunal allowed the appeal by the assessee, directing the Assessing Officer to delete the disallowance of Rs. 45.83 lakhs. It emphasized the commercial decision-making process and rejected the tax authorities' approach to the valuation of the film rights. The Tribunal found no justification for comparing transactions in different periods, upheld the commercial rationale behind the assessee's decision, and concluded that the AO and CIT(A) erred in restricting the loss claimed by the assessee. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329792