https://www.taxtmi.com/caselaws?id=342121 The Tribunal dismissed the revenue's appeal and allowed both appeals of the assessee. The revenue's contentions regarding the allowance of film production expenses under Rule 9A and additions under Section 41(1) were rejected. The Tribunal upheld the CIT(A)'s decision to allow film production expenses as per Rule 9A and found the assessee eligible for deduction under Section 35D as an 'industrial undertaking.' Additionally, the Tribunal held that the write-back of certain creditors did not constitute income under Section 41(1) as the assessee did not claim deductions for those liabilities. en-us Thu, 19 Jan 2017 00:00:00 +0530 Thu, 27 Apr 2017 06:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342121 The Tribunal dismissed the revenue's appeal and allowed both appeals of the assessee. The revenue's contentions regarding the allowance of film production expenses under Rule 9A and additions under Section 41(1) were rejected. The Tribunal upheld the CIT(A)'s decision to allow film production expenses as per Rule 9A and found the assessee eligible for deduction under Section 35D as an 'industrial undertaking.' Additionally, the Tribunal held that the write-back of certain creditors did not constitute income under Section 41(1) as the assessee did not claim deductions for those liabilities. Case-Laws Income Tax Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342121