Gemini Pictures Circuit Ltd. V. CIT (Madras High Court) 33 ITR 547 ( Mad.)

Madras High Court Gemini Pictures Circuit Ltd. vs Commissioner Of Income-Tax Date- 6 December, 1957 Equivalent citations: 1958 33 ITR 547 Mad JUDGMENT RAJAGOPALA AYYANGAR, J. – The question arising for consideration both in the reference under section 66(2) of the Indian Income-tax Act as well as in W.P. No. 925 of 1955 are identical and relate to the proper rule to be applied for determining the amortisation of films for computing the income, profits and gains of the assessee which is carrying on business as a film distributor. The assessee in the Reference Case No. 27 ...