https://www.taxtmi.com/caselaws?id=11818 Counter sales involving customs clearance fell within Explanation (aa) to Section 80HHC(4B) of the Income-tax Act, 1961, and the sales were realised in convertible foreign exchange; on that basis, the statutory deduction was available. The challenge to the validity of Explanation (aa) was not pressed and was rejected. The assessees were therefore entitled to the benefit of Section 80HHC. en-us Fri, 21 Mar 2003 00:00:00 +0530 Tue, 09 Feb 2010 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11818 Counter sales involving customs clearance fell within Explanation (aa) to Section 80HHC(4B) of the Income-tax Act, 1961, and the sales were realised in convertible foreign exchange; on that basis, the statutory deduction was available. The challenge to the validity of Explanation (aa) was not pressed and was rejected. The assessees were therefore entitled to the benefit of Section 80HHC. Case-Laws Income Tax Fri, 21 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11818