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May 2013

Exports – Profits on telecasting rights of a T.V. Serial are entitled to the benefit of section 80HHC

By Kishor Karia, Chartered Accountant
Atul Jasani, Advocate
Reading Time 1 mins
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CIT vs. Faquir Chand (HUF) (2013) 350 ITR 207 (SC)

The question that arose before the Supreme Court was whether the profit on telecasting rights of a T.V. serial are entitled to the benefit of section 80HHC.

The High Court had dismissed the appeal of the Revenue in view of its judgment in Abdul Gafar A. Nadialwala v. ACIT (2004) 267 ITR 488 (Bom).

The Supreme Court dismissed the civil appeal of the Revenue holding that the issued was squarely covered in favour of the assessee by its decision in CIT vs. B. Suresh (2009) 313 ITR 149(SC).

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