Friday, May 3, 2019

Exp. incurred by Dharma Productions on publicity of film after getting censor board certification allowed u/s 37

IT: Where assessee was engaged in business of production and distribution of films, cost of prints as well as publicity and advertisment incurred after production as well as their certification by Censor Board, same would not be governed by Rule 9A, same would be allowable as business expenditure under section 37(1)

from www.taxmann.com Latest Case Laws http://bit.ly/2IXn15L

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