1976 (12) TMI 54

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....1) of the Income-tax Act, 1961, was as follows: " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the requirement of section 34(3)(a) regarding creating of development rebate reserve has been satisfied ? " CHINNAPPA REDDY J.--The High Court of Andhra Pradesh in Veerabhadra Iron Foundry v. Commissioner of Income-tax [1968] 69....