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2008 (10) TMI 252 - AT - Income TaxExtract: .......d. holders outsideIndia. The amount payable by the card holders who have acquired the credit card from branches outsideIndiaincurs the debt outsideIndia. Therefore, the fees in respect of such transaction are not taxable inIndia. We, therefore, uphold the deletion of addition of Rs. 10 crores. 49. In the result, both the appeals are partly allowed.
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