https://www.taxtmi.com/caselaws?id=470006 Production expenditure on television serials and programmes commercially exploited through telecast is treated as revenue expenditure where content forms part of a broadcaster's trading structure and substantially loses value after initial telecast; Rules 9A and 9B do not alter that treatment. Film software library qualifies as an intangible asset eligible for depreciation. Depreciation on non-compete fees arising from a demerger requires examination of the fee's genuineness, commercial necessity and valuation, together with the effects of the demerger and related equity acquisition. The production-cost and film-library treatments stand accepted, while the non-compete fee claim requires fresh assessment. 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 expenditure on television serials and programmes commercially exploited through telecast is treated as revenue expenditure where content forms part of a broadcaster's trading structure and substantially loses value after initial telecast; Rules 9A and 9B do not alter that treatment. Film software library qualifies as an intangible asset eligible for depreciation. Depreciation on non-compete fees arising from a demerger requires examination of the fee's genuineness, commercial necessity and valuation, together with the effects of the demerger and related equity acquisition. The production-cost and film-library treatments stand accepted, while the non-compete fee claim requires fresh assessment. Case-Laws Income Tax Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470006