1996 (2) TMI 47

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.... T. C. P. No. 381 of 1979, dated January 5, 1979, the Tribunal referred the following question of law for the opinion of this court under section 256(1) of the Income-tax Act, 1961 : Whether, on the facts and in the circumstances of this case, the Appellate Tribunal was correct in holding that the ' general reserve ' as on the first day of the previous year should not be reduced by the amount of ....