The Kerala High Court in the case of Malayala Manorama Co Ltd has upheld appellate authorities decision of rejecting deduction under Rule 9B of the Income Tax Rules, 1962 in the absence of commercial exploitation of feature films and no credit of receipts on account of commercial exploitation to profit and loss account. The appellant […]
The post No Deduction for Acquiring Distribution Rights of Feature Films If Film is not commercially Exploited: Kerala HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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