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1993 (12) TMI 38 - HC - Income TaxExtract: .......nnot be sustained in view of the decision of the Supreme Court in the above case. The question, therefore, is answered in the negative and in favour of the Revenue. The assessee, however, will be entitled to put forward in the reassessment proceedings expenditure relatable to the subsidy in the light of our above observations. No order as to costs.
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