Commissioner Of Income Tax vs V. Damodaran

Whether the expression 'accumulated profits' in section 2(6A)(e) of the Indian Income Tax Act, 1922 includes current profits of the accounting year --- Held No. Whether the Tribunal was competent to refer the second question regarding adjustment of provisions for tax and dividend when computing accumulated profits at the instance of the assessee who had not filed a reference application --- Held No, as the question was unrelated to the first question and the assessee had not applied for reference.