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1997 (1) TMI 29 - MADRAS HIGH COURTExtract: .......said that the liability has arisen in the course of carrying on the business. In this view of the matter, we answer the question referred to us in the negative and in favour of the Department, with the direction to the Tribunal to allow the expenditure which is compensatory in nature, and disallow the expenditure which is penal in nature. No costs.
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