https://www.taxtmi.com/caselaws?id=362691 The High Court upheld the decisions of the lower authorities and ruled in favor of the Revenue. It determined that deduction under Rule 9B for acquisition of distribution rights of feature films is only permissible when the films are commercially exploited and income is generated. As the films in question were not commercially exploited and did not generate any income, the Court dismissed the appeal, emphasizing that the absence of commercial exploitation precludes the deduction under Rule 9B. en-us Tue, 26 Jun 2018 00:00:00 +0530 Tue, 13 Nov 2018 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362691 The High Court upheld the decisions of the lower authorities and ruled in favor of the Revenue. It determined that deduction under Rule 9B for acquisition of distribution rights of feature films is only permissible when the films are commercially exploited and income is generated. As the films in question were not commercially exploited and did not generate any income, the Court dismissed the appeal, emphasizing that the absence of commercial exploitation precludes the deduction under Rule 9B. Case-Laws Income Tax Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362691