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

December 13, 2018[2018] 100 149 (Kerala)/[2018] 408 ITR 125 (Kerala)

IT: Where assessee's claim for deduction under rule 9B(4) in connection with acquisition of satellite distribution rights of three Malayalam films was rejected on ground that there was no exhibition of films on commercial basis during period of acquisition or in next year, in view of fact that feature films were never exhibited and there was no amount credited in profit and loss account of assessee as amount received on exhibition of films, impugned disallowance, was to be confirmed

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