https://www.taxtmi.com/caselaws?id=5800 Questions arising from the Tribunal's order on the allowability of deduction for premium paid on deferred annuity policies for managing directors under section 40A(5) were treated as referable questions of law under section 256(2) of the Income-tax Act, 1961. The Supreme Court did not express any view on the merits of the tax issue, but held that the effect of the earlier decision relied on by the High Court and the deduction question themselves required consideration by the High Court. The Revenue's applications for reference were accordingly allowed. en-us Tue, 23 Feb 1999 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5800 Questions arising from the Tribunal's order on the allowability of deduction for premium paid on deferred annuity policies for managing directors under section 40A(5) were treated as referable questions of law under section 256(2) of the Income-tax Act, 1961. The Supreme Court did not express any view on the merits of the tax issue, but held that the effect of the earlier decision relied on by the High Court and the deduction question themselves required consideration by the High Court. The Revenue's applications for reference were accordingly allowed. Case-Laws Income Tax Tue, 23 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5800