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2016 (8) TMI 557 - AT - Income TaxTreatment to cost of production of an abandoned film - revenue or capital expenditure - Held that:- As the cost of film under production was in the nature of stock-in-trade as per Rule 9A of the rules, that the said item was shown in current assets in the balance sheet and amortised in the year in which the film was released, that in case if the film was abandoned or scrapped the same was allowable as a revenue expenditure which included sundry creditors. - Decided in favour of assessee.
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