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1998 (4) TMI 502 - AT - FEMAExtract: .......cting this contention of the appellant. The decision in W. P. No. 3476 of 1991 of the High Court of Bombay dated July 18, 1995, has no bearing on the facts of the present case. The learned judges upheld the transaction in favour of the petitioner. For all the aforesaid reasons, we dismiss the appeal and confirm the order of the competent authority.
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