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1998 (7) TMI 115 - AT - Income TaxExtract: .......said income of Rs. 2,83,209 and is also entitled to deduct the cost of import entitlement of Rs. 1,34,417 from the gross amount of the import entitlement sold of Rs. 23,39,883. The Assessing Officer is directed to recompute the benefit under section 80HHC of the Act on the above basis. 12. In the result, the appeal filed by the assessee is allowed.
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