Dismissing the appeal of the revenue the Tribunal held that Film and serial broadcasting rights are intangible assets which is entitle to depreciation. (AY. 2009-10)
Sun TV Network Ltd. v. ACIT (2018) 196 TTJ 944 / 172 DTR 345(Chennai)(Trib.)
S. 32 : Depreciation-Film and serial broadcasting rights -Intangible assets – Entitle to depreciation. [S. 37(1)]