1997 (12) TMI 670 - HC - Income Tax

Summary

The High Court rejected the application as no legal questions arose from the Tribunal's findings. The Tribunal confirmed that certain amounts should be included for tax relief under Section 80I. The Court noted that findings regarding truck rent and tank rent not being connected to manufacturing activities were factual. The Court also upheld the decision on the disallowance of unutilized Modvat credit balance. The application was rejected, and no costs were awarded.