Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]

By Kalyani B. Nair - On December 15, 2022 3:33 pm - 2 mins read

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Insurance Premium for paid for Keyman insurance policy of Life Insurance Corporation of India (LIC) and is allowable as expenses. The only ground raised in the appeal is that the CIT(A) has erred in law and on facts in allowing the claim of…

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Income Tax Officer vs M/S. Creation Publicity Limited

Counsel for Appellant: Shri. Hemant Vora

Counsel for Respondent: Shri. Praveen Shekhar

CITATION: 2022 TAXSCAN (ITAT) 1827

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