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2016 (1) TMI 1122 - AT - Income TaxWrite off expenditure incurred as advance paid for the purchase of a film script for the production of a feature film - allowable revenue expenditure - Held that:- Written off expenditure incurred by assessee as advance paid for purchase of a film script for production of an abandoned film is allowable as revenue expenditure and also that Rule 9A of the IT Rules, 1962 has no applicability in the matter.See M/s Venus Records and Tapes Pvt. Ltd [2015 (10) TMI 460 - BOMBAY HIGH COURT] - Decided against revenue
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