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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Expenditure of acquisition of distribution rights of feature ...

Income Tax

June 30, 2018

Expenditure of acquisition of distribution rights of feature film - There can be no deduction permissible on the cost of acquisition without generation of income credited in the books of account. The subject films were never commercially exploited and generated absolutely no income.

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