1993 (1) TMI 25

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....bunal has referred the following questions to this court under section 256(1) of the Income-tax Act, 1961 : "(1) Whether the Income-tax Appellate Tribunal was right in law in holding that the condition precedent in section 13(2)(h) of the Income-tax Act, 1961, is not fulfilled in this case because that condition requires a positive act on the part of the trustees to invest the funds of the trus....