IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.310 OF 2013 Commissioner of Income Tax-11. ... Appellant Vs. M/s.Venus Records and Tapes P.Ltd. ... Respondent --- Mr.Suresh Kumar, for Appellant. Mr.Deepak Tralshawala i/b. Mr.V.S.Hadade, for Respondent. --- CORAM : M.S.SANKLECHA & G.S.KULKARNI, JJ. DATE : 28th JANUARY, 2015 ---- P.C. : 1. This appeal under Section 260A of Income Tax Act,1961 (Act) challenges order dated 7.9.2012 relating to Assessment Year 2005-06. 2. Revenue has raised following substantial question of law for our consideration:- (1) On facts and in circumstances of case and in law, whether Tribunal was justified in holding that cost of abandoned film written off amounting to Rs.1,07,46,228/- was revenue expenditure ? 3. We find that Tribunal by impugned order has followed decision of this Court in CIT Vs. Rajesh Khanna, (Income Tax Appeal no.3875 of 2010) rendered on 14.9.2011 and CIT Vs. Dream Merchant Enterprises, (Income Tax Appeal Nos.4343 and 4252 of 2010.) rendered on 20.9.2011. In circumstances, we find that no substantial questions of law arise for our consideration. Accordingly, appeal is dismissed. (G.S.KULKARNI, J.) (M.S.SANKLECHA, J.) Commissioner of Income-tax-11 v. Venus Records and Tapes P. Ltd