https://www.taxtmi.com/caselaws?id=32441 HC held that film-production expenses incurred as advertisements to market products are revenue expenditures when incurred for an ongoing business and confer no enduring benefit. Expenditure relating to a business not yet commenced cannot be treated as revenue. The court found the present facts distinguishable from the earlier cited decision and upheld the findings of the C.I.T. (A) and Tribunal that the expenses were revenue in nature. The appeals were dismissed. en-us Mon, 09 Feb 2009 00:00:00 +0530 Sat, 08 Nov 2025 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32441 HC held that film-production expenses incurred as advertisements to market products are revenue expenditures when incurred for an ongoing business and confer no enduring benefit. Expenditure relating to a business not yet commenced cannot be treated as revenue. The court found the present facts distinguishable from the earlier cited decision and upheld the findings of the C.I.T. (A) and Tribunal that the expenses were revenue in nature. The appeals were dismissed. Case-Laws Income Tax Mon, 09 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32441