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1948 (3) TMI 38 - HC - Income TaxExtract: .......yment of profit, the whole of that grant must be excluded from the total income of the assessee, and the Income-tax authorities cannot concern themselves with whether any part of such grant was in fact utilised for the purpose for which the grant was made. The answer to the question will be in the affirmative. Reference answered in the affirmative.
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