On appeal the Tribunal remanded the matter back to Assessing Officer with to direction that the Assessing Officer should re-assess expenses, treating license fees as a deferred revenue expenditure to be amortized over six-year period and not as prior period expenses. (AY. 2016-17)
Aalap Digital Music (P.) Ltd. v. ACIT (2025) 211 ITD 284 (Delhi) (Trib.)
S.37(1): Business expenditure-License fee-Commercial exploitation of music albums-Deferred revenue expenditure to be amortized over six-year period and not as prior period expenses-Matter remanded.
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