Pr. Commissioner of Income-tax, Central-2 v. Red Chillies Entertainment Pvt. Ltd
[Citation -2019-LL-0820-105]
| Citation | 2019-LL-0820-105 |
|---|---|
| Appellant Name | Pr. Commissioner of Income-tax, Central-2 |
| Respondent Name | Red Chillies Entertainment Pvt. Ltd. |
| Court | HIGH COURT OF BOMBAY |
| Relevant Act | Income-tax |
| Date of Order | 20/08/2019 |
| Assessment Year | 2009-10 |
| Judgment | View Judgment |
| Keyword Tags | film production • exempt income • advertisement expense • publicity expense |
| Bot Summary: | The impugned order dated 31 st May, 2016 is in respect of Assessment Year 2009 10. 14A r.w.r. 8D, if exempt income had not been earned for the year under scrutiny 3 Re. Question: Mr. Sureh Kumar, learned Counsel for the Revenue very fairly states that the issue raised herein stands concluded against the Revenue and in favour of the Respondent Assessee by the decision of this Court in CIT v/s. It was pointed out that the impugned order of the Tribunal has placed reliance upon the decision of its co ordinate bench in the case of Dharma Productions Ltd.,, which was challenged by the Revenue in appeal before this Court and was dismissed on 19th March, 2019; In view of the above, the question as framed does not give rise to any substantial question of law. 4 Re. Question: It is an agreed position between the parties that this issue stands concluded against the Revenue and in favour of the Respondent by the decision of this Court in Respondent Assessee's own case being Income Tax Appeal No. 597 of 2017 decided on 11th June, 2019; In the above case, the Court has held that in the absence of any exempt income arising in the previous year relevant to the subject Assessment Year, no occasion to make any disallowance under Section 14A of the Act can arise. In view of the above decision, the question as proposed does not give rise to any substantial question of law. |