2012 (12) TMI 1105

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....gal Ventures for the respondent. P.C. :- 1. The following questions of law are raised by the revenue in this appeal:- A. Whether on the facts and in the circumstances of the case, the ITAT was justified in law in deleting the addition of Rs. 1,55,04,696/- in respect of excise duty on finished goods lying in closing stock ? B. Whether on the facts and in the circumstances of the case, t....

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....erest of Rs. 1852.96 lakhs and gross interest of Rs. 1862.96 lakhs considered for allocation without adjusting interest income of Rs. 140.27 lakhs for the purpose of allowing the claim of the assessee u/s.80I/80IA in respect of Nasik Units without appreciating that the facts of the present assessment year are different from the facts of earlier years ? E. Whether on the facts and in the circums....

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...., counsel for the revenue states that the Tribunal has allowed the claim of the assessee by following its decision in the case of the assessee for assessment year 1984-85 and the said decision has been accepted by the revenue. As no case is made out for taking a different view, we see no reason to   4. As regards questions B & E are concerned, counsel for the revenue states that similar qu....