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Cost of production of abandoned TV serial was allowable as business exp. to its producer
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Corporate Tax
Cost of production of abandoned TV serial was allowable as business exp. to its producer
Posted on
on
February 19, 2015
Tenet Tax Daily February 18 2015
By
tenettax-team
Corporate Tax
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Date of allotment of land would be its date of acquisition and not the date of sale deed to compute capital gains
Sum received towards installation of mobile antenna on terrace was taxable as income from house property