https://www.taxtmi.com/circulars?id=55208 Premiums paid by a firm on a Keyman Insurance Policy for a partner, obtained to safeguard the partnership against business disruption from a partner's premature death, are allowable as business expenditure; CBDT accepts High Court decisions extending keyman coverage to persons connected with the business and directs that departmental appeals on this issue should not be filed or should be withdrawn, treating such premiums as admissible under Section 37. en-us Tue, 22 Nov 2016 00:00:00 +0530 Wed, 23 Nov 2016 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55208 Premiums paid by a firm on a Keyman Insurance Policy for a partner, obtained to safeguard the partnership against business disruption from a partner's premature death, are allowable as business expenditure; CBDT accepts High Court decisions extending keyman coverage to persons connected with the business and directs that departmental appeals on this issue should not be filed or should be withdrawn, treating such premiums as admissible under Section 37. Circulars Income Tax Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55208