appeal from the judgment and order dated june 21 1966 of the madras high companyrt in tax case number 216 of 1963 reference number 66 of 1966.
civil appellate jurisdiction civil appeal number 615 of 1967.
v. mahalingam and t. a. ramachandran for the appellant.
6 lakhs from the profit and loss account to the reserve fund.
n. sachthey and b. datta for the respondent.
the revenue has number appealed against the decision of the high companyrt to the extent it went against it but the assessee has brought this appeal by certificate challenging the companyrectness of the view of the law taken by the high companyrt on question number 1 submitted for its opinion.
137836/ in the computation of its business income.
the judgement of the companyrt was delivered by hegde j. at the instance of the assessee the income tax appellate tribunal madras bench referred to the high companyrt of madras a statement of case under s. 66 1 of the indian income tax act 1922 to be hereinafter referred to as the act the high companyrt answered one of the questions submitted alongwith the statement of case in favour of the assessee and the other in favour of the revenue.
