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2012 (7) TMI 207 - HC - Income TaxDeduction u/s 80HHC - reduction of export turnover to the extent of the amount not received in convertible foreign exchange within the statutory period - assessee in view of aforesaid contending proportionate reduction in direct cost and indirect cost in relation to trading of goods in export - Held that:- Expenditure both direct and indirect are incurred for export of the commodity and nothing of it is attributable to the receipt of amount through banking channels. Petition of assessee dismissed.
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