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1987 (8) TMI 134 - AT - Income TaxExtract: .......,63,263. We find considerable force in his submission. If the subsidy is to be treated as revenue receipts assessable to central income-tax, these expenditure must be set off against the same. However, since we have held that the subsidy is not taxable revenue receipt, this question would not arise now. 10. In the result, the appeals are dismissed.
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