https://www.taxtmi.com/caselaws?id=13433 The court upheld the Tribunal's decision regarding the deduction claim under rule 9B(3)(c) instead of rule 9B(2)(a) for the sale of film rights, as the assessee retained some exhibition rights. The rejection of the cost of acquisition claim under rule 9B(2)(a) was confirmed due to partial sales of rights. The court disregarded letters proving the sale of film rights and upheld the interpretation that rights were not fully sold. The correct provisions for deduction claims for Malayalam films were clarified, and issues regarding the valuation of closing stock and acquisition stock of a flopped film were not considered. The appeal was dismissed in favor of the Revenue. en-us Wed, 03 Jan 2007 00:00:00 +0530 Thu, 28 May 2009 18:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13433 The court upheld the Tribunal's decision regarding the deduction claim under rule 9B(3)(c) instead of rule 9B(2)(a) for the sale of film rights, as the assessee retained some exhibition rights. The rejection of the cost of acquisition claim under rule 9B(2)(a) was confirmed due to partial sales of rights. The court disregarded letters proving the sale of film rights and upheld the interpretation that rights were not fully sold. The correct provisions for deduction claims for Malayalam films were clarified, and issues regarding the valuation of closing stock and acquisition stock of a flopped film were not considered. The appeal was dismissed in favor of the Revenue. Case-Laws Income Tax Wed, 03 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13433