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1989 (4) TMI 20 - HC - Income TaxExtract: ....... the subsidy. Even if the income of the assessee goes up by Rs. 40,000, since this relates to the sale and purchase of agricultural produce from its members, this would also be deducted while computing the total income of the assessee. For the reasons recorded above, we answer the question in favour of the assessee and in the affirmative. No costs.
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