https://www.taxtmi.com/caselaws?id=306062 Amounts linked to kasar and sale of empty soda ash bardans were treated as directly connected with the manufacturing activity for Section 80I relief, but that determination was factual and no question of law arose. Profit from sale of raw materials to a sister concern was also held to be a factual matter, with the actual profit accepted instead of the Assessing Officer's estimate, so no question of law arose. The unaccounted Modvat credit balance issue was resolved by applying an earlier accepted precedent and consistent Tribunal reasoning under the mercantile system, again raising no question of law. The reference application was declined. en-us Wed, 24 Dec 1997 00:00:00 +0530 Sat, 07 Jan 2023 12:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306062 Amounts linked to kasar and sale of empty soda ash bardans were treated as directly connected with the manufacturing activity for Section 80I relief, but that determination was factual and no question of law arose. Profit from sale of raw materials to a sister concern was also held to be a factual matter, with the actual profit accepted instead of the Assessing Officer's estimate, so no question of law arose. The unaccounted Modvat credit balance issue was resolved by applying an earlier accepted precedent and consistent Tribunal reasoning under the mercantile system, again raising no question of law. The reference application was declined. Case-Laws Income Tax Wed, 24 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306062