2012 (12) TMI 127

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....edi   O R D E R   Per Chandra Poojari, Accountant Member:   This appeal is filed by the Revenue and it is directed against the order of the CIT(A) IV, Hyderabad dated 30.9.2010 for the assessment year 2006-07. 2. At the outset, we may note that there is a delay of two days in the filing of this appeal. The appellant has filed a petition seeking condonation of delay. Cons....

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....007-08 in assessee's own case for the assessment year 2007-08. Learned Departmental Representative, on the other hand, could not controvert the submission of the learned counsel for the assessee. We find that the Tribunal in the said order dated 16.3.2012, copy of which has been filed before us, has been held as follows- "5. We have heard the learned Departmental Representative and gone through....

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....d raised by the Revenue." Consistent with the above decision of the Tribunal in assessee's own case for the assessment year 2007-08, to which one of us, viz. Accountant Member is a party, we find that the sale proceeds in convertible foreign exchange brought into India within the period allowed by the competent authority is eligible for relief under S.10A of the Act. The learned counsel for the....

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.... 1,14,975 52,54,358 7. Foreign Exchange Received 26/10/06 1,14,975 51,58,928 8. Foreign Exchange Received 27/11/06 1,14,975 51,07,190 9. Foreign Exchange Received 27/12/06 1,15,249 50,60,572 10. Foreign Exchange Received 26/01/07 1,14,975 50,49,702 11. Foreign Exchange Received 21/02/07 54,980 24,16,370 12. Foreign....