Deduction in respect of expenditure on acquisition of distribution rights of feature films

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.... film distributor), the deduction in respect of the cost of acquisition of a feature film certified for release by the Board of Film Censors in a tax year shall be allowed in accordance with the provisions of sub-rules (2) to (4). (2) Where a feature film is acquired by the film distributor in any tax year and in such tax year,- (a) the film distributor sells all rights of exhibition o....

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.... Where a feature film is acquired by the film distributor in any tax year and in such tax year, the film distributor- (a) himself exhibits the film on a commercial basis in all or some of the areas; or (b) sells the rights of exhibition of the film in respect of some of the areas; or (c) himself exhibits the film on a commercial basis in certain areas and sells the right....

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....n in that year. (4) Where, during the tax year in which a feature film is acquired by the film distributor, and- (a) he does not himself exhibit the film on a commercial basis; or (b) does not sell the rights of exhibition of the film, no deduction shall be allowed in respect of the cost of acquisition of the film in computing the profit and gains of such tax year and entir....

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.... of such amounts, is credited in the books of account maintained by him in respect of the year in which the deduction is admissible; and (b) in a case, where the film distributor has transferred the rights of exhibition of the feature film on a minimum guarantee basis, the minimum amount guaranteed and the amount, if any, received or due in excess of the guaranteed amount or where the fil....