https://www.taxtmi.com/caselaws?id=302568 The Tribunal held that relief under section 10B of the Income-tax Act is not available unless the goods are physically exported out of India, even if the sale proceeds are received in convertible foreign exchange. The Department's appeal was allowed, and the CIT(A)'s order was reversed. The Assessing Officer's decision to disallow the deduction under section 10B was restored. en-us Fri, 28 Sep 2012 00:00:00 +0530 Mon, 06 Jun 2022 11:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302568 The Tribunal held that relief under section 10B of the Income-tax Act is not available unless the goods are physically exported out of India, even if the sale proceeds are received in convertible foreign exchange. The Department's appeal was allowed, and the CIT(A)'s order was reversed. The Assessing Officer's decision to disallow the deduction under section 10B was restored. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302568