TMI BlogDeduction in respect of expenditure of distribution rights of feature films - Rule 9BX X X X Extracts X X X X X X X X Extracts X X X X ..... rying on such business hereafter in this rule referred to as film distributor), the deduction in respect of the cost of acquisition of a feature film shall be allowed in accordance with sub-rule (2) to (4). Explanation : For the purposes of this rule, cost of acquisition, in relation to a feature film, means the amount paid by the film distributor to the film producer or to another distributor und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... previous year; or ( b ) the film distributor,- ( i ) himself exhibits the film on a commercial basis in all or some of the areas; or ( ii ) sells the rights of exhibition of the film in respect of some of the areas; or ( iii ) himself exhibits the film on a commercial basis in certain areas and sells the rights of exhibition of the film in respect of all or some of the remaining areas, and the fil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efore the end of such previous year, the cost of acquisition of the film in so far as it does not exceed the amount realised by the film distributor by exhibiting the film on a commercial basis or the amount for which the rights of exhibition have been sold or, as the case may be, the aggregate of the amounts realised by the film distributor by exhibiting the film and by the sale of the rights of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eduction under this rule shall not be allowed unless- ( a ) in a case where the film distributor,- ( i ) has himself exhibited the feature film on a commercial basis; or ( ii ) has sold the rights of exhibition of the feature film; or ( iii ) has himself exhibited the feature film on a commercial basis in some areas and has sold the rights of exhibition of the feature film in respect of all or som ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he year in which the deduction is admissible. (6) For the purposes of this rule,- ( i ) the sale of the rights of exhibition of a feature film includes the lease of such rights or their transfer on a minimum guarantee basis ; ( ii ) the rights of exhibition of a feature film shall be deemed to have been sold only on the date when the positive prints of the film are delivered by the film distributo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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