https://www.taxtmi.com/caselaws?id=365588 The Tribunal upheld the CIT (A)'s decision to treat the cost of production of TV serials and programs as revenue expenditure, citing precedents that supported the treatment of such expenses as revenue. Additionally, the Tribunal affirmed the CIT (A)'s allowance of depreciation on the Film Software Library at 25% by considering it an intangible asset, in line with previous Tribunal decisions. The Revenue's appeal was dismissed, and the decisions on both issues were upheld. en-us Fri, 17 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 08:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365588 The Tribunal upheld the CIT (A)'s decision to treat the cost of production of TV serials and programs as revenue expenditure, citing precedents that supported the treatment of such expenses as revenue. Additionally, the Tribunal affirmed the CIT (A)'s allowance of depreciation on the Film Software Library at 25% by considering it an intangible asset, in line with previous Tribunal decisions. The Revenue's appeal was dismissed, and the decisions on both issues were upheld. Case-Laws Income Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365588