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2017 (1) TMI 902 - AT - Income TaxSubsidy received from Government of India under Technology Upgradation Fund Scheme (TUF Scheme) disallowed - Held that:- Subsidy received was capital in nature. See Sahney Steel and Press Works Ltd. vs CIT (1997 (9) TMI 3 - SUPREME Court), CIT vs P.J. Chemicals (1994 (9) TMI 1 - SUPREME Court) - Decided in favor of assessee.
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