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2014 (5) TMI 1087 - ITAT CHANDIGARHSales Tax Subsidy received from Government of Gujarat - revenue receipt OR capital receipt - Held that:- The issue raised before us is identical to the issue before the Tribunal in assessee's own case and following the same parity of reasoning, we hold that the sales tax subsidy received by the assessee is assessable in the hands of the assessee as revenue receipt. - Decided against assessee
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