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2013 (12) TMI 555 - ALLAHABAD HIGH COURTWhether the incentive received is capital or revenue - Held that:- Following CIT Vs. Ponni Sugars & Chemicals Ltd [2008 (9) TMI 14 - SUPREME COURT] - The incentive had to be utilized for repayment of loan taken by the assessee to set up new units or for substantial expansion of the existing unit. The subsidy received by the assessee was not in the course of a trade but was of capital nature - Decided against Revenue.
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