https://www.taxtmi.com/caselaws?id=470006 Production and broadcasting rights in TV serials and programmes are described as part of a broadcaster's trading structure, with value substantially diminishing after first telecast, so related production expenditure is treated as revenue expenditure rather than capital outlay. Film software library is described as an intangible asset eligible for depreciation. Depreciation on non-compete fee arising from a demerger is presented as requiring fuller examination of genuineness, commercial necessity, valuation, and the impact of the demerger and related investment structure before any final allowance or disallowance. The note focuses on these tax characterisation principles for media content, intangible assets, and non-compete payments. en-us Fri, 14 Dec 2018 00:00:00 +0530 Mon, 13 Jul 2026 11:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470006 Production and broadcasting rights in TV serials and programmes are described as part of a broadcaster's trading structure, with value substantially diminishing after first telecast, so related production expenditure is treated as revenue expenditure rather than capital outlay. Film software library is described as an intangible asset eligible for depreciation. Depreciation on non-compete fee arising from a demerger is presented as requiring fuller examination of genuineness, commercial necessity, valuation, and the impact of the demerger and related investment structure before any final allowance or disallowance. The note focuses on these tax characterisation principles for media content, intangible assets, and non-compete payments. Case-Laws Income Tax Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470006