1997 (12) TMI 670

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.... ORAL JUDGEMENT (Per R.K. Abichandani, J.) The following questions are proposed by the Revenue, as questions of law arising from the order of  the Tribunal. 1. "Whether, the Appellate Tribunal is right in law  and on facts in confirming the view of the  Commissioner of Income Tax (Appeals) to the  effect that the amounts with regard to kasar,  sale of empty sod....

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....by reference, incorporated from  I.T.A No. 72/97, in which they were filed and which was  disposed of on 22.12.1997. As regards question No.1, the  authorities had found from the material on record that  the tank rent and truck rent had no direct connection  with the manufacturing activities and cannot be  considered for relief. It was however, found that the  it....

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....uestion of law. As regards the question No.3, the balance of Rs.  10,02,472/- was disallowed under this head. The CIT  (Appeals) had, while considering this question relating  to disallowance of unutilised balance in the excise duty  Modvat account, noted that the assessee was following  mercantile system of accounting. The CIT (Appeals) had  decided a similar poin....