1998 (3) TMI 101

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.... N. K. AGRAWAL J.---The following question has been referred by the Income-tax Appellate Tribunal under section 256(1) of the Income-tax Act, 1961 (for short "the Act") : Assessment year 1981-82: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in holding that the short-term deposits are 'investment' of the assessee within the....