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2018 (4) TMI 928 - ITAT HYDERABADDisallowance of cost of Production of TV serials and programmers - revenue v/s capital expenditure - Held that:- As decided in assessee’s own case for AY 2011-12 A.O. [2018 (4) TMI 859 - ITAT HYDERABAD] as directed to treat the expenditure incurred by the assessee on cost of production of TV programmes as revenue expenditure. Depreciation on Film Software Library @ 25% by treating it as an intangible asset - Held that:- As decided in assessee’s own case [2018 (4) TMI 859 - ITAT HYDERABAD] this issue is covered in favour of the assessee wherein as remanded the issue to the file of the AO to examine the issue of valuation of the asset and thereafter to allow depreciation @ 25% treating the software library as an intangible asset. We find that the CIT (A) has only followed the direction of the ITAT in holding that, subject to the revaluation of the asset, the depreciation is to be allowed at 25% as claimed by the assessee
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