Supreme Court · 2008 INSC 587 · Decided 6 May 2008
Commissioner of Income Tax, Thiruvananthapuram v. Joseph Valakuzhy
- Court
- Supreme Court of India
- Citation
- 2008 INSC 587 · [2008] 7 S.C.R. 752
- Case number
- CIVIL APPEAL No. 7750/2002
- Decided
- 6 May 2008
- Bench
- ASHOK BHAN, DALVEER BHANDARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 260
Headnote
Income Tax Rules - r. 9A - Deduction in respect of expenditure incurred on production of feature film -Assessee doing the business of producing feature films - Film produced by assessee not exhibited for 180 days in the previous year, and, did not cover the cost of - Held: Assessee entitled to carry forward the balance of the cost of production to the next following previous year and claim deduction of the same in that year. Respondent-assessee is a film producer. A feature film produced by him was not exhibited for 180 days during the previous year and
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