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1995 (4) TMI 85 - AT - Income TaxExtract: .......ase, we have no hesitation in holding that the subsidy received by the assessee was a capital receipt and not by way of addition to the trading profits of the assessee which could not be subjected to tax in the hands of the assessee. We hold and direct accordingly. This ground is, therefore, allowed. 15. In the result, the appeal is partly allowed.
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