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2017 (2) TMI 1363 - BOMBAY HIGH COURTTreatment to entertainment tax subsidy - Tribunal as relying on the decision of Chaphalkar Brothers v/s. [2013 (6) TMI 73 - BOMBAY HIGH COURT] in holding that the entertainment tax subsidy is a capital receipt?” - Held that:- Revenue does not dispute the fact that the issue is covered by the decision of this Court in Chaphalkar Brothers (supra). However, this appeal has been filed by the Revenue as the decision of this court in Chaphalkar Brothers (supra) is subject matter of appeal before the Supreme Court. However, in the absence of any stay of the decision of this Court in Chaphalkar Brothers (supra), no fault can be found with the impugned order of the Tribunal in following the decision of the jurisdictional High Court. No substantial question of law.
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