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2019 (8) TMI 1490 - HC - Income TaxDetermination of Income special Cases - expenditure related to film production - advertisement and publicity expenses incurred after date of certification - disallowed by AO invoking Rule 9A of IT Rule by holding that amount not allowable under rule 9A, may be allowed under Section 37 of IT Act, 1961 - whether expenditure related to film production has to be allowed only as per Rule 9A(5) or Rule 9A(6)? - HELD THAT:- Issue raised herein stands concluded against the Revenue and in favour of the Respondent-Assessee by the decision of this Court in CIT v. Dharma Productions (P.) Ltd. . [2019 (3) TMI 1271 - BOMBAY HIGH COURT] Disallowance u/s. 14A r.w.r. 8D - if exempt income had not been earned for the year under scrutiny - HELD THAT:- Issue stands concluded against the Revenue and in favour of the Respondent by the decision of this Court in Respondent-Assessee's own case [2019 (6) TMI 1490 - BOMBAY HIGH COURT]as held that in the absence of any exempt income arising in the previous year relevant to the subject Assessment Year, no occasion to make any disallowance under Section 14A of the Act can arise. - Decided against revenue.
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