https://www.taxtmi.com/caselaws?id=22339 The court held that the amounts realized from the transfer of import licenses did not constitute sale proceeds derived from exports, thus denying the assessee exemption under section 104 of the Income-tax Act for the assessment years 1972-73 to 1974-75. The court ruled against the assessee, in favor of the Revenue, and awarded costs to the Revenue. en-us Thu, 04 Apr 1991 00:00:00 +0530 Wed, 09 Dec 2009 12:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22339 The court held that the amounts realized from the transfer of import licenses did not constitute sale proceeds derived from exports, thus denying the assessee exemption under section 104 of the Income-tax Act for the assessment years 1972-73 to 1974-75. The court ruled against the assessee, in favor of the Revenue, and awarded costs to the Revenue. Case-Laws Income Tax Thu, 04 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22339