1996 (2) TMI 47

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the direction given by this court in 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 yea....