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    Income Tax

    It is too much to cast such a burden on the assessee to prove...

    Assessee Faces Excessive Burden to Prove IRDA Approval for Employee Insurance Policy; Deduction Should Be Granted.

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    Income TaxFebruary 16, 2017Case LawsAT

    It is too much to cast such a burden on the assessee to prove that a particular insurance policy taken by it for its employees from National Insurance Company Ltd. was approved by IRDA. Since the assessee paid premium in respect of insurance policy taken for the benefit of its employees, the deduction has to be allowed - AT

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