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2003 (7) TMI 71 - HC - Income TaxExtract: ....... it was held that the loss suffered in the export of trading goods cannot be adjusted against the profits from the export of manufactured/processed goods vice versa. In the light of the said decision we answer questions Nos. 4 and 5 in I.T.A. No. 251 of 2002 in favour of assessee and against the Revenue. These two appeals are accordingly dismissed.
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