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1984 (11) TMI 94 - ITAT BOMBAY-AExtract: .......receipt. Therefore, on the date of receipt, contribution received towards the capital assets, in our view and following their Lordships of the aforesaid cases in (1946) 14 ITR 622 (Bom), this is a capital receipt and cannot be taxed as revenue receipt. We, therefore, confirm the view taken by the CIT(A). 8. In the result, the appeals are dismissed.
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