https://www.taxtmi.com/caselaws?id=71509 The Tribunal ruled against the assessee, determining that the property in the goods passed to Span upon delivery to forwarding agents, establishing Span as the real exporter. The Tribunal also held that Span acted as a principal, not as an agent, based on the principal-to-principal relationship outlined in the agreement. Additionally, the Tribunal rejected the contention that remittance in rupees from Russia could be treated as convertible foreign exchange and criticized the admission of new evidence violating Rule 46A. Ultimately, the Tribunal allowed the revenue's appeal, denying the assessee's claim for deduction under Section 80HHC. en-us Thu, 18 Jan 1996 00:00:00 +0530 Mon, 25 Apr 2011 13:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71509 The Tribunal ruled against the assessee, determining that the property in the goods passed to Span upon delivery to forwarding agents, establishing Span as the real exporter. The Tribunal also held that Span acted as a principal, not as an agent, based on the principal-to-principal relationship outlined in the agreement. Additionally, the Tribunal rejected the contention that remittance in rupees from Russia could be treated as convertible foreign exchange and criticized the admission of new evidence violating Rule 46A. Ultimately, the Tribunal allowed the revenue's appeal, denying the assessee's claim for deduction under Section 80HHC. Case-Laws Income Tax Thu, 18 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71509