2005 (8) TMI 32

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..... ed in the export of trading goods can be adjusted against the profit (positive figure) obtained from the export of owned goods (manufactured goods). The High Court, relying upon its earlier decision in the case of CIT v. T.C. Usha (Smt.) [2004] 266 ITR 497 (Ker), answered the question in the negative, i.e., in favour of the assessee and against the Revenue. Aggrieved by the said order, the Revenue .....

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