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2008 (9) TMI 30 - HC - Income TaxExport - in respect of sale to Jordan Co. benefit u/s 80HHC was denied by AO on ground that sale didn’t constitute part of the assessee’s trading activity – in respect of sales to non-Jordan Co. benefit was denied holding that sales were ultimately for the benefit of Jordan Co. - Tribunal rightly hold that impugned exports was as a result of fresh purchase orders & were not in connection with earlier contracts – sale proceeds is in convertible foreign exchange - hence benefit can’t be denied
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