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1978 (1) TMI 1 - SUPREME COURT
Plant and machinery was partly damaged by fire. Part of the compensation received was utilised and machinery was restored to working condition - . Whether the excess of compensation can be taxed as a revenue receipt or under s. 41(2) - there can be no scope for applying the provisions of s. 41(2) - amount received regarding the damages to plant and machinery cannot be brought to tax - revenue's appeal dismissed