Films produced for advertisement purposes are not stock-in-trade in the hands of the advertisers.

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....ncome Tax<br>INSTRUCTION NO. 626/CBDT &nbsp;Dated : October 15, 1973 Section(s) Referred: 37 Statute: Income - Tax Act, 1961 The Board has recently considered the question relating to the ....

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....rrent expenditure incurred for carrying on of a business. The Board is, therefore, of the view that any expenditure incurred on making an advertisement film by a person carrying on a business will be ....