https://www.taxtmi.com/caselaws?id=28941 The High Court of Kerala ruled in favor of the assessee in a case concerning the amortization of film prints purchased for business deduction in the assessment year 1972-73. The Court upheld the assessee's claim for deduction of the total cost incurred in purchasing film prints, emphasizing the importance of consistency in applying tax laws and circulars to ensure fairness in assessments. The decision set a precedent for similar cases involving the interpretation of tax laws and circulars for business deductions, providing clarity on the issue at hand. en-us Wed, 28 Feb 1979 00:00:00 +0530 Mon, 08 Mar 2010 17:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28941 The High Court of Kerala ruled in favor of the assessee in a case concerning the amortization of film prints purchased for business deduction in the assessment year 1972-73. The Court upheld the assessee's claim for deduction of the total cost incurred in purchasing film prints, emphasizing the importance of consistency in applying tax laws and circulars to ensure fairness in assessments. The decision set a precedent for similar cases involving the interpretation of tax laws and circulars for business deductions, providing clarity on the issue at hand. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28941