Income from Purchasing Goods in India for Export Not Taxable u/ss 5(2) and 9 of Income Tax Act.

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Full Text of the Document

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....Income u/s 5(2) - Once the entire operations are confined to the purchase of goods in India for the purpose of export, the income derived therefrom shall not be deemed to accrue or arise in India and it shall not be deemed to be an income under Section 9 of the Act - HC....