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1998 (4) TMI 60 - MADRAS HIGH COURTExtract: .......our welfare expenditure is a revenue expenditure. We are of the view that there is no error in the view of the Appellate Tribunal in holding that the sum paid as subsidies to the Cheran Housing Building Society is allowable as revenue expenditure. Accordingly, we answer the questions of law referred to us in the affirmative and against the Revenue.
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