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2013 (12) TMI 185 - ITAT CHENNAIDeduction u/s 80HHC – The assessee has made export of certain music rights through one M/s. Galaxy Timber Trading International, his proprietary concern - Held that:- Following Abdulgafar A. Nadiadwala v. Asst. CIT [2004 (3) TMI 58 - BOMBAY High Court] – The payments were made by M/s. Sound of Arts to the assessee for transfer of masters tape - The assessee had provided reasonable evidence to show that masters tapes were delivered by him to the party in Sharjah - The assessee produced copy of certificate of foreign inward remittance by ANZ Grindlays Bank - The assessee had received the consideration for export of the masters tapes which contained the title and rights of songs - Decided against Revenue.
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