https://www.taxtmi.com/caselaws?id=186641 The Tribunal upheld the treatment of expenditure on television serial rights and feature film rights as revenue expenditure, following previous precedent. Additionally, the disallowance made under Section 14A of the Act was deleted as the investments were not made using borrowed funds, leading to a ruling in favor of the assessee on both issues. The Revenue's appeals were dismissed, affirming the decisions of the CIT(Appeals) in favor of the assessee. en-us Fri, 19 Feb 2016 00:00:00 +0530 Mon, 26 Sep 2016 10:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186641 The Tribunal upheld the treatment of expenditure on television serial rights and feature film rights as revenue expenditure, following previous precedent. Additionally, the disallowance made under Section 14A of the Act was deleted as the investments were not made using borrowed funds, leading to a ruling in favor of the assessee on both issues. The Revenue's appeals were dismissed, affirming the decisions of the CIT(Appeals) in favor of the assessee. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186641