- State of Orissa v. Maharaja Shri B.P. Singh Deo : (1970) 76 ITR 690
6.1 It was also submitted that appellant has sold dies to HCIL at loss of Rs.
39,43,12,558/- and after negotiating recovered foreign exchange loss of Rs.
16,44,05,000/- incurred on account of purchases of dies and consequently
reduced the loss to Rs. 22,99,07,858/- which shows genuineness of the
transaction.