Dismissing the appeal of the Revenue the Tribunal held that where assessee is involved in production and exhibition of tele-serials, expenditure incurred for production of tele-serials cannot be considered as capital in nature, because it does not give enduring benefit to assessee and does not lead to creation of any asset and said expenditure is definitely revenue in nature. (AY. 2009-10)
ACIT v. Radaan Media Works (I) Ltd. (2022) 194 ITD 505 (Chennai)(Trib.)
S. 37(1) : Business expenditure-Exhibition of tele-serials-expenditure incurred for production of tele-serials-Allowable as revenue expenditure.