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1993 (9) TMI 152 - AT - Income TaxExtract: .......tes to the capital structure of the company and has to, therefore, be treated as a capital receipt not liable to tax. 13. For the aforesaid reasons we allow ground Nos. 2 and 3 and hold that the amounts of Rs. 1,83,000 and Rs. 1,48,000 should be excluded from the total income of the assessee-company. 14. In the result, the appeal is partly allowed.
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