(1.) This reference in fact encompasses two cross references : one by the assessee (R.A. No.381/AHD/1993), and another by the Revenue (R.A. No.413 and 414/AHD/1993).
(2.) The question, at the instance of the assessee, has been referred by Income Tax Appellate Tribunal, Ahmedabad Bench 'B' under Section 256(1) of the Income-tax Act, 1961 (the Act):
(3.) The said reference is for Assessment Year 1978-79, the relevant accounting period being year ended on 30.06.1977.