CBDT Direction to AO Verification in Entertainment industry
CBDT Guidance for AO on Verification of Expenses in Entertainment Sector Following the Comptroller and Auditor General Performance Audit Report No. 1 of 2019, CBDT observed inconsistencies in how Assessing Officers handled pre-operative and production-related expenses in the entertainment industry. Similar cases were being assessed differently, leading to lack of uniformity in taxation. Directions issued …