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2002 (12) TMI 12 - SC - Income TaxThere is no dispute between the parties that the transactions of counter sales effected by the respondent involved customs clearance within the meaning of Explanation (aa) to section 80HHC(4A) and further that the sales were in convertible foreign exchange - In these circumstances we are of the view that the Revenue having accepted and consistently followed the position of law settled by Ram Babu s case particularly in the case of the assessee itself there is no merit in this appeal
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