1999 (8) TMI 921

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..... me Tax
Power subsidy based on a percentage of electricity bills - Held that:- Appeal allowed. As the subsidy is to meet a certain percentage of expenditure on power the receipt is therefore, revenu .....

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..... xpenditure on power. The receipt is therefore, revenue in nature and is covered by the decision of this Court in Sahney Steel and Press Work Ltd. v. Commr. of Income-tax . The appeal is allowed accord .....

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