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Subsidy given by State Govt. on account of power consumption by new/expanded units was capital receipt

June 11, 2018[2018] 93 495 (Calcutta)/[2018] 303 CTR 628 (Calcutta)

IT : Subsidy allowed by State Government on account of power consumption which was available only to new units and units which had undergone an expansion, was to be regarded as capital subsidy not liable to tax

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