Saturday, June 22, 2019

HC quashes reassessment initiated after 6 years to disallow deduction of programme rights claimed by ‘Asianet’

IT : Where assessee-company, engaged in business of production, procurement and broadcasting of movies and programmes over satellite channels, filed return accompanied by audited financials amortising certain expenditure incurred on programme costs and film rights and upon consideration of voluminous and detailed material filed by assessee,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188854/hc-quashes-reassessment-initiated-after-6-years-to-disallow-deduction-of-programme-rights-claimed-by-‘asianet’.aspx

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