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1997 (4) TMI 71 - HC - Income TaxExtract: .......old that the Tribunal was not justified in treating the subsidy amount received as a revenue receipt, and we hold that the amount of subsidy should be treated as a capital receipt and not liable to be included in the computation of income of the assessee. In this view of the matter, the tax cases are allowed, and there will be no order as to costs.
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