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2016 (1) TMI 572 - AT - Income TaxAddition on account of collection towards Area Development Fund - Held that:- The amount collected under the Area Development Fund is not a trading receipt in the hands of the assessee. The AO is accordingly directed to delete the addition. See Loknete Balasaheb Desai Sahakari Sakhar Karkhana Ltd. Vs. DCIT [2014 (9) TMI 264 - ITAT PUNE] - Decided in favour of assessee.
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