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1995 (7) TMI 36 - HC - Income TaxExtract: .......ting up of the plant/for expansion of the plant, that would be a capital receipt. In this view of the matter deletion of the amount of subsidy by the Tribunal cannot be said to be illegal. For the above reasons, we answer the question in the affirmative, i.e., in favour of the assessee and against the Revenue. The reference is accordingly answered.
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