https://www.taxtmi.com/caselaws?id=378793 The High Court upheld the Tribunal's decisions in a case involving a private limited company's income from the sale of rights in audio visual songs, expenses for purchasing copyrights, and consultancy charges as expenditure. The Court agreed that the entire income did not accrue to the assessee due to revised terms and non-payment, allowed the expenses for purchasing rights as business expenditure, and accepted the consultancy charges as genuine expenditure. The Income Tax Appeal was dismissed, affirming the Tribunal's rulings on all three issues. en-us Mon, 28 Jan 2019 00:00:00 +0530 Sat, 20 Apr 2019 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378793 The High Court upheld the Tribunal's decisions in a case involving a private limited company's income from the sale of rights in audio visual songs, expenses for purchasing copyrights, and consultancy charges as expenditure. The Court agreed that the entire income did not accrue to the assessee due to revised terms and non-payment, allowed the expenses for purchasing rights as business expenditure, and accepted the consultancy charges as genuine expenditure. The Income Tax Appeal was dismissed, affirming the Tribunal's rulings on all three issues. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378793