TMI BlogComputing the profits and gains of the business of production of feature films - the amount realised by...Computing the profits and gains of the business of production of feature films - the amount realised by the assessee on sale of audio rights and TV rights of the film would fall under the category of “exhibition of films on a commercial basis”. Accordingly, we direct the AO to allow deduction of expenditure incurred on production against the above said receipts also. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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