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2022 (1) TMI 533 - AT - Income TaxDisallowance of expenditure claimed on account of cost production of feature films - CIT-A retained 50% disallowance - HELD THAT:- Substantial amount of expense to the tune of ₹ 4.77 crores was also stated to have been claimed by M/s. Eagle Films (P) Ltd., in production of the same film (Office Office), the duplicacy of certain expenses cannot be ruled out. Accordingly, it is considered fair and reasonable to disallow 50% of the expenses claimed, since the same had not been subjected to verification by the AO as has also been stated in the remand report. Thus, the addition to the extent is hereby confirmed on account of disallowance of 50% of expenses claimed to have been incurred on cost of production of the film - appeal of the assessee is dismissed.
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