{"id":558,"date":"2009-03-18T11:42:44","date_gmt":"2009-03-18T11:42:44","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=558"},"modified":"2009-03-18T11:42:44","modified_gmt":"2009-03-18T11:42:44","slug":"cit-vs-b-suresh-supreme-court","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/cit-vs-b-suresh-supreme-court\/","title":{"rendered":"CIT vs. B. Suresh (Supreme Court)"},"content":{"rendered":"<table width=\"150\" border=\"0\" align=\"right\">\n<tr>\n<td><a href=\"https:\/\/itatonline.org\/archives\/?dl_id=10\" onclick=\"if (event.button==0) \r\n     setTimeout(function () { window.location = 'http:\/\/itatonline.org\/downloads.php?varname=dl_id=10&varname2=suresh_80HHC_export_services.pdf'; }, 100)\" ><strong>Click here to download the judgement (suresh_80HHC_export_services.pdf) <\/strong> <\/a><\/p><\/td>\n<\/tr>\n<\/table>\n<p><strong>Film telecast rights are goods u\/s 80HHC <\/strong><\/p>\n<p>Where the assessee transferred rights in feature films by way of lease outside India and the question arose whether films constituted \u201cgoods or merchandise\u201d for purposes of s. 80HHC, HELD <\/p>\n<p><strong>Today the difference between goods and services is getting blurred with globalization and cross-border transactions and with technological advancement one has to change one\u2019s thinking regarding concepts like goods, merchandise and articles<\/strong>. The telecast \u201crights\u201d certainly fall in the category of articles of trade and commerce, hence, merchandise and are eligible u\/s 80HHC.<\/p>\n<p>Note: <strong>Abdulgafar A. Nadiadwala Vs. ACIT<\/strong> 267 ITR 488 (Bom) has been approved. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Where the assessee transferred rights in feature films by way of lease outside India and the question arose whether films constituted \u201cgoods or merchandise\u201d for purposes of s. 80HHC, HELD <\/p>\n<p>&nbsp;<\/p>\n<p><strong>Today the difference between goods and services is getting blurred with globalization and cross-border<br \/>\nTransactions and with technological advancement one has to change one\u2019s thinking regarding concepts like goods, merchandise and articles<\/strong>. The telecast \u201crights\u201d certainly fall in the category of articles of trade and commerce, hence, merchandise and are eligible u\/s 80HHC.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/cit-vs-b-suresh-supreme-court\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,7],"tags":[],"class_list":["post-558","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-supreme-court"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=558"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/558\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}