2008 (1) TMI 197

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....r, on the facts and circumstances of the case, the Income-tax Appellate Tribunal was legally justified in holding that the grant-in-aid of Rs. 6,07,788.94 received by the appellant under the scheme of the State Government, introduced with the object to promote the construction of new and permanent cinema halls in backward areas as per the Government policy dated July 21, 1986, as revenue receipt r....