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2004 (1) TMI 299 - AT - Income TaxExtract: .......s. CIT. In this view of the factual and legal position, we find ourselves in agreement with the view taken by CIT(A) that the subsidy received by the assessee was capital in nature, accordingly, it could not be taxed as revenue receipt. Therefore, we find no force in the Departmental appeal. The appeal filed by the Revenue is, therefore, dismissed.
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