https://www.taxtmi.com/caselaws?id=358817 The ITAT upheld the CIT(A)'s decisions on both issues. The cost of production of TV serials and programs was treated as revenue expenditure, following precedents and legal interpretations. Depreciation on the Film Software Library was allowed at 25%, treating it as an intangible asset, consistent with previous rulings. The ITAT dismissed the revenue's appeal, affirming the lower authorities' decisions. en-us Fri, 13 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358817 The ITAT upheld the CIT(A)'s decisions on both issues. The cost of production of TV serials and programs was treated as revenue expenditure, following precedents and legal interpretations. Depreciation on the Film Software Library was allowed at 25%, treating it as an intangible asset, consistent with previous rulings. The ITAT dismissed the revenue's appeal, affirming the lower authorities' decisions. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358817