Sunday, July 19, 2020

Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license fees. The assessee, M/s. Star India Pvt. Ltd. is engaged in producing and promoting television programs, movies, and broadcasting of the same on satellite […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2WARkUX

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