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1998 (4) TMI 85 - MADRAS HIGH COURTExtract: ....... permissible ceiling limit under section 40(c) or 40A(5) of the Act. Accordingly, we answer the question of law referred to us by holding that the actual expenditure incurred by the company should be taken into account for the purpose of making disallowance under section 40(c) or 40A(5) of the Act. The Revenue shall be entitled to costs of Rs. 750.
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