https://www.taxtmi.com/caselaws?id=273405 The High Court of Madras ruled that the write off of expenditure for an abandoned teleserial can be treated as a business expenditure under Section 37 of the Income Tax Act, following Circular No.16/2015. The court dismissed the Revenue's appeal, allowing the expenditure to be considered as revenue expenditure and in favor of the assessee. en-us Wed, 04 Apr 2018 00:00:00 +0530 Thu, 04 Oct 2018 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273405 The High Court of Madras ruled that the write off of expenditure for an abandoned teleserial can be treated as a business expenditure under Section 37 of the Income Tax Act, following Circular No.16/2015. The court dismissed the Revenue's appeal, allowing the expenditure to be considered as revenue expenditure and in favor of the assessee. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273405