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2017 (12) TMI 477 - SCH - Income TaxAmount received by way of exemption of sales tax payments - trading receipt OR capital receipt hence not liable to tax? - HC [2017 (7) TMI 501 - DELHI HIGH COURT] held that the absence of any condition towards capital utilization meant that the policy makers envisioned greater profitability as an incentive for investors to expand units, for rapid industrialization of the state, ensuring greater employment. Clearly, the subsidy was revenue in nature - Held that:- Issue notice. In the meantime, the operation of the impugned judgment shall remain stayed.
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