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2002 (3) TMI 5 - DELHI HIGH COURT"Whether, on the facts and in the circumstances of the case, the grants received from the Government by the assessee-company, which is a 100 per cent. Government company, to enable the company to function, was a capital receipt or revenue receipt?" - no case has been made out for recalling this court's order - The reviewIn a case where a question comes up for consideration as to whether grants in aid would come within the mischief of section 10 of the Indian Income-tax Act or not, we are of the opinion that the doctrine of lifting the corporate veil would not be attracted. If that be so, any public sector undertaking would not be liable to pay income-tax at all. Application is dismissed.
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