2008 (3) TMI 297

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....court was delivered by D. A. MEHTA J. - The Income-tax Appellate Tribunal, Ahmedabad Bench 'C' has referred the following two questions under section 256(1) of the Income-tax Act, 1961 at the instance of the assessee for Assessment Year 1988-89: "1. Whether, on the facts and circumstances of the case, the Appellate Tribunal was right in law in holding that the amount transferred to reserve f....