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1992 (4) TMI 76 - AT - Income TaxExtract: .......urance scheme does not fall under s. 40A(7). Following the aforesaid decision of the Tribunal, we hold that, therefore, the amount of Rs. 11,560 paid as premium to the LIC in respect of Master Policy taken under the Officers Superannuation Scheme is an allowable deduction under s. 37. 25. For the foregoing reasons, the appeal stands partly allowed.
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