2003 (9) TMI 37

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....eference under section 256(1) of the Income-tax Act, 1961, in which the following question has been referred to us for our opinion: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in concluding that the counter sales within India, against foreign currency, should be treated as export sales?" Heard learned counsel for the Department. Although the office rep....