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2008 (9) TMI 26 - HC - Income TaxExport – AO denied exemptions u/s 10A/10B on ground that assessee’s direct exports were less than 75% of the total sales - AO did not accept the assessee’s explanation that the stock transfers to his Rotterdam unit were actually export sales - Tribunal hold that stock which had been transferred had actually been sold by the unit and therefore, would have to be construed as actual exports by the said units of the assessee - pure finding of fact – exemption allowed – revenue appeal dismissed
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