Court Confirms Clause (3) of Export Rules Allows Tax Exemption for Assessees with Indian Branches on Service Exports.

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....Export of services or not - the contention that clause (3) of the Export Rules will come into operation, in our considered opinion, the language used wholly or subsidiary company having branch in India will not disentitle the assessee from benefit, therefore, he is not required to make payment of tax and he will be entitled for exemption. - HC....