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No deduction towards acquisition of satellite distribution rights if films weren’t exhibited on commercial basis

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  • No deduction towards acquisition of satellite distribution rights if films weren’t exhibited on commercial basis
Posted onon January 9, 2019

Tenet Tax Daily January 08 2019

By tenettax-team
International Tax

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No additions on basis of TDS claimed if corresponding income not taxable due to cash system of accounting
Conversion of CCPSs into equity shares couldn’t be considered as transfer within meaning of sec. 2(47): ITAT

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