https://www.taxtmi.com/caselaws?id=783571 Deduction and computation of profits from the business of feature film distribution under IT Rules r.9B turned on whether income could be computed without maintained books of account. The HC held that r.9B(5) mandates computation based on the assessee's books, and the conditions in r.9B(5)(a)(i)-(iii) operate subject to compliance with the requirement to maintain such books. Where the assessee admittedly failed to maintain books, the authority cannot compute income on alternative evidences; such material may only supplement, not substitute, books of account. The Revenue's interpretation prevailed, and the claim was rejected in the Revenue's favour. en-us Mon, 01 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783571 Deduction and computation of profits from the business of feature film distribution under IT Rules r.9B turned on whether income could be computed without maintained books of account. The HC held that r.9B(5) mandates computation based on the assessee's books, and the conditions in r.9B(5)(a)(i)-(iii) operate subject to compliance with the requirement to maintain such books. Where the assessee admittedly failed to maintain books, the authority cannot compute income on alternative evidences; such material may only supplement, not substitute, books of account. The Revenue's interpretation prevailed, and the claim was rejected in the Revenue's favour. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783571