1999 (11) TMI 3

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....HAL J.--The Income-tax Appellate Tribunal has referred the following question of law arising out of its order dated July 21, 1997, in respect of the assessment years 1992-93, 1993-94 and 1994-95: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right in law in allowing deduction under section 80HHC in respect of export of granites?" The facts of t....

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...., in ITA No. 162/Bang. of 1996 in the case of God Granites, allowed the claim of the assessee. The controversy is covered by the judgment given in the case of CIT v. God Granites [1999] 240 ITR 343 (Kar)--ITRC No. 440 of 1998 and other connected matters decided on July 31, 1999, wherein after taking into consideration the judgment of the apex court in Stonecraft Enterprises v. CIT [1999] 237 ITR ....