IT : Where equipment purchased for starting FM radio broadcasting services could not put to use till end of relevant financial year as licence could not be obtained from Ministry, depreciation thereon could not be allowed

IT : Where equipment purchased for starting FM radio broadcasting services could not put to use till end of relevant financial year as licence could not be obtained from Ministry, depreciation thereon could not be allowed

IT : Where assessee could not generate any income during year from films in respect of which it acquired television rights, deduction for cost of their acquisition could not be allowed

[2013] 40 taxmann.com 380 (Cochin - Trib.)

IN THE ITAT COCHIN BENCH

Malayala Manorama Co. Ltd.

v.

Assistant Commissioner of Income-tax, Circle - 1, Kottayam