Bombay High Court Upholds Tribunal's Decision in Favor of Film Production Company on Directors' Remuneration and Industrial Undertaking Status. The Court held that the disallowance under Section 40(c) was rightly deleted and that film production qualifies as an industrial undertaking under Section 80J of the Income Tax Act, 1961.
5 May 2015The case pertains to the assessment year 1981-82. The assessee, M/s. Rupam Pictures Pvt. Ltd., was engaged in the business of film production. During ...






