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1998 (4) TMI 79 - HC - Income TaxExtract: .......he Tribunal was, therefore, right in holding that the amount of subsidy received by the assessee from the Government of Andhra Pradesh was a revenue receipt and taxable as such. The question referred to us is, therefore, answered in the affirmative, against the assessee and in favour of the Revenue. The Revenue shall be entitled to cost of Rs. 750.
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