Production of TV serials is revenue in nature

The Income Tax Appellate Tribunal, Hyderabad Bench, by order dated 30 June 2026, dismissed the Revenue's appeal and partly allowed the assessee's appeal for statistical purposes in the case of Eenadu Television Pvt. Ltd. 

The Tribunal followed its own earlier decisions on depreciation of non-compete fees and the allowability of production costs of TV serials as revenue expenditure, while remanding the subscription revenue issue for factual verification.