{"id":2960,"date":"2018-11-22T10:48:43","date_gmt":"2018-11-22T10:48:43","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-prasad-productions-2018-407-itr-541-mad-hc\/"},"modified":"2018-11-22T10:48:43","modified_gmt":"2018-11-22T10:48:43","slug":"cit-v-prasad-productions-2018-407-itr-541-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-prasad-productions-2018-407-itr-541-mad-hc\/","title":{"rendered":"CIT  v. Prasad Productions. (2018) 407 ITR 541 (Mad) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ;write off of expenditure\u00a0 incurred on\u00a0 abandoned Tele serial is held to be revenue expenditure. CBDT Circular No 16 of 2015 dt.6-10-2015 is applied. Though the circular pertained to a feature film, there could not be any distinction between tele serial and feature film as the circular dealt with the aspect in respect to the cost of production of a film. ( AY.2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1):Business expenditure \u2014 Capital or revenue \u2013 No distinction between feature films and TV Serials &#8211; Write off of expenditure  incurred on  abandoned Tele serial is held to be revenue expenditure- CBDT Circular No 16 of 2015 dt.6-10-2015 is applied.[R.9A].<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[1],"tags":[],"class_list":["post-2960","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-LK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2960"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2960\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}