Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (1) TMI 91 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the sum of Rs. 4,25,000 paid by the assessee to the producer for acquisition of the exclusive rights of exploitation of the film 'Charas' under the indenture dated March 28, 1978, was admissible as deduction under rule 9B of the Income-tax Rules - we answer the above question in the negative, i.e., in favour of the Department and against the assessee.
|