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1996 (1) TMI 7 - SUPREME COURTExport - taxability of the amounts received by the assessee from foreign buyers - no dispute that the amounts which were outstanding and receivable by the assessee on the last day of the accounting year from the foreign buyers had to be converted into Indian rupees at the rate of exchange prevalent on the last day of the accounting year - order under section 263 passed by the CIT that assessment are prejudicial to interest of Revenue, was rightly quashed by HC
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