Film distribution right acquisition expense cannot be claimed if Film is not commercially exploited

Malayala Manorama Co. Ltd. Vs ACIT (Kerala High Court)

Rule 9B(5) starts with a non-obstante Under the said rule, it is laid down that deduction under Rule 9B shall not be allowed unless the distributor credits in the books of accounts, the amounts realised by the distributor in case where the distributor himself has exhibited the film o

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