https://www.taxtmi.com/highlights?id=18637 Penalty u/s 271(1)(c) – Claim of exemption u/s 10B - it would not be open to the assessee to claim that transactions, which are not exports in a strict sense of the term and in which the assessee does not receive foreign exchange remittance, be treated as such - penalty was justified - HC en-us Thu, 22 May 2014 11:53:43 +0530 Thu, 22 May 2014 11:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=18637 Penalty u/s 271(1)(c) – Claim of exemption u/s 10B - it would not be open to the assessee to claim that transactions, which are not exports in a strict sense of the term and in which the assessee does not receive foreign exchange remittance, be treated as such - penalty was justified - HC Highlights Income Tax Thu, 22 May 2014 11:53:43 +0530 https://www.taxtmi.com/highlights?id=18637