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2015 (3) TMI 1305 - HC - Income TaxSales Tax Subsidy receipt pursuant to Haryana Government’s Scheme - to be treated as revenue receipt or one falling in the capital scheme - Held that:- A taking note of the salient features of the sales tax exemption scheme as well as the judgment of the Supreme Court in CIT v. Ponni Sugars and Chemicals Ltd.[2008 (9) TMI 14 - SUPREME COURT] correctly held to be as capital receipt. We are of the opinion that the impugned order of the ITAT does not disclose any infirmity. No substantial question of law arises.
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