https://www.taxtmi.com/caselaws?id=24079 The court ruled in favor of the assessee on both issues. Regarding the applicability of Board's Circulars for the assessment years 1971-72 and 1972-73, the court held that the assessee was entitled to the benefits of Circular No. 30, which was in force during the relevant periods, despite the subsequent issuance of Circular No. 92. Concerning the allowance of the cost of positive prints as business expenditure for the assessment year 1973-74, the court determined that such expenditure qualifies for deduction under Section 37 of the Income-tax Act, distinguishing it from a previous case. en-us Tue, 31 Jan 1989 00:00:00 +0530 Sat, 16 Jan 2010 15:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24079 The court ruled in favor of the assessee on both issues. Regarding the applicability of Board's Circulars for the assessment years 1971-72 and 1972-73, the court held that the assessee was entitled to the benefits of Circular No. 30, which was in force during the relevant periods, despite the subsequent issuance of Circular No. 92. Concerning the allowance of the cost of positive prints as business expenditure for the assessment year 1973-74, the court determined that such expenditure qualifies for deduction under Section 37 of the Income-tax Act, distinguishing it from a previous case. Case-Laws Income Tax Tue, 31 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24079