Thursday, February 21, 2019

Film Production Unit eligible for Income Tax Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai has held that a film production unit is eligible for income tax deduction under section 80IB of the Income Tax Act, 1961. The Assessing Officer observed that the assessee Mr. K.T Kunjumon was producing movies sine Nineteen Eighties and production of a new movie, though it […]

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