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2017 (2) TMI 1106 - HC - Income TaxAdditions on account of Keyman Insurance Policy on account of disallowance of commission under Section 40A(2)(a) and 40A(2)(b) - Held that:- Tribunal has taken into account the position of two Directors and they were certain key-persons keeping in view Sec.40(2) and has arrived arrived at a conclusion that the Insurance Policy could not have been rejected in the manner and method it has been rejected and he has upheld the view taken by the CIT(A). This Court is of the considered opinion that the findings of fact arrived at by the Income Tax Appellate Tribunal are purely findings of facts and no substantial question of law arises in the present case. In absence of any substantial question of law, the question of interference by this court in the peculiar facts and circumstances of the case, does not arise.
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