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2003 (9) TMI 37 - HC - Income Tax"Whether, Tribunal was right in concluding that the counter sales within India, against foreign currency, should be treated as export sales?" - The expenditure referred to in sub-clause (iii) of section 35B(1)(b) refers to sales outside India and not within India. Hence in our opinion section 35B is not attracted at all to the sales in question since they are sales made within India. - The question referred to us therefore is answered in the negative, i.e., in favour of the Department and against the assessee.
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