2006 (4) TMI 545

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Respondent : Mr. S.Ganesh, Sr.Adv. with Mr.S.Sukumaran, Mr.A. Deb Kumar, Ms.Kavita Jha, Advs. O R D E R ADMIT. The following substantial questions of law are formulated for determination : i. Whether the Tribunal is right in law in holding that unutilized MODVAT credit of earlier years amounting to Rs. 77,55,78,738/- adjusted in the assessment year in question should be treat....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssment year 1999- 2000? v. Whether the Tribunal is right in holding that customs duty of Rs. 2.99 crore paid on 28.4.1999 can be capitalised with retrospective effect and depreciation should be calculated by including the said amount in the Year 1999-2000? vi. Whether the Tribunal has correctly interpreted Section 14A of the Income Tax Act and is right in holding that onus under ....