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Cost of production and cost of acquiring distribution rights- Amortisation of. - Income Tax - 4(xi-3)DExtract Circular Number: 4(xi-3)D Dated 09/04/1959 Subjects: Films-Cost of production and cost of acquiring distribution rights- Amortisation of. Attention is invited to Board's Circular No. 1D of 1951, dated 4th January, 1951 on the above subject. 2. For paragraph 2 of the above Circular, the following shall be substituted: "While it will not be right and may lead to tax evasion if the percentages mentioned in the "standard" formula are applied irrespective of the point of time a film is purchased or released for exhibition in a particular year, the Board of time
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