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2008 (1) TMI 197 - ALLAHABAD HIGH COURTGrant-in-aid received by the appellant to promote the construction of new and permanent cinema halls in backward areas as per the Government policy dated July 21, 1986 – revenue receipt or capital receipt– revenue plea that subsidy is post-construction, therefore, it should not be treated as capital receipt, is not acceptable – in case of Kalpana Palace v. CIT [2004 -TMI - 10402 - ALLAHABAD High Court], money received by the appellant will be treated to be capital receipt and not revenue receipt
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