1984 (5) TMI 9

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....e of the Commissioner of Income-tax, the following questions have been referred to us under section 256(1) of the Income-tax Act, 1961, for the assessment year 1970-71 : " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was correct in holding that the amount of Rs. 78,00,000 transferred to an account styled as 'contingency reserve' represented reserve and w....