2002 (1) TMI 22

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....961, the Tribunal has referred the following questions for the opinion of the court: "Whether, on the facts and in the circumstances of the case, the expenses of Rs.23,698 incurred by the assessee in procurement of materials for exports, though no materials were actually procured and no export was actually done, could be allowed as a revenue expenditure, though such expenses have been incurred ....

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....dvances given to various parties for supply of granite stones. The lease also has been provided to the assessee on December 23, 1978, for excavation of stones from mines. In December, 1978, the assessee has been registered as an exporter and has been allowed to export the goods, and the assessee has received orders from the customers from out of India from November, 1978. Looking into the totality....