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1980 (9) TMI 20 - HC - Income TaxExtract: .......d in the Indian rupee term, the Tribunal was right in holding that the amount was a profit, even though it was not remitted to India. The question No. 2 must, therefore, be answered in the affirmative and in favour of the revenue. In the facts and circumstances of the case, parties will pay and bear their own costs. SUDHINDRA MOHAN GUHA J.-I agree.
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