The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the medical insurance premium paid for the family members of the employees is allowable as business expenditure under section 37 of the Income Tax Act. The sole grievance of the assessee was that the Assessing Officer has disallowed the amount paid in […]
The post Medical Insurance Premium paid for Family Members of Employees is Business Expenditure: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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