1988 (11) TMI 33

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..... n the direction of this court, the Income-tax Appellate Tribunal, Amritsar, has submitted the statement of the case with the following question of law for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in sustaining the relief of Rs. 14,000 in the item of yarn purchased after the closure of the manufacturing activit .....

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..... rn necessary wi11 be about 735 kgs. In our opinion, the assessee deserves benefit for 735 kgs. of yarn utilised for goods actually exported. We will exclude 35 kgs. for this purpose and the assessee would be entitled to the benefit of 700 kgs. of yarn which must have been utilised for manufacturing the goods actually exported. We do not have before us the actual value of the yarn purchased prior t .....

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