Keyman Insurance Policy of partner of firm allowable as business expenditure. CBDT accepts High Court Judgments vide Circular No. 38/2016
November 22, 2016
High Courts, Income Tax, Judgments
Keyman Insurance Policy of partner of firm allowable as business expenditure. CBDT accepts various High Court Judgments on the subject. CIRCULAR NO . 38/2016 F.No.279/Misc./140/2015-ITJ Government of India Ministry of Finance Central Board of Direct Taxes ****** New Delhi, Dated 22nd November , 2016 Subject: Admissibility of expenditure …