2008 (3) TMI 311

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.... The relevant assessment years are 1996-97 to 2001-02. The assessee is a limited company and is engaged in the business activities such as production and exploitation of motion pictures, printing and processing of films in the laboratories owned by the company, erection of sets and recovery of set charges. Recovery charges for video digital (most modern technique) from various cine producers and T....

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....e of Abdulgafar A. Nadiadwala reported in [2004] 267 ITR 488 decided the issue in favour of the assessee. The correctness of the same is now canvassed by the Revenue by filing the above appeals and formulating the following questions of law: "1. Whether, in the facts and circumstances of the case, the Tribunal was right in treating the transfer of rights for manufacture of cassettes outside India....