https://www.taxtmi.com/caselaws?id=365377 The Tribunal allowed the appeal, finding that the medical insurance premium expenditure was allowable under Section 37(1) of the Income Tax Act, 1961, as it was incurred wholly and exclusively for business purposes. The Tribunal held that the payments had a nexus with the business of the assessee and were made under business expediency, justifying the deduction under Section 37(1). en-us Mon, 13 Aug 2018 00:00:00 +0530 Thu, 16 Aug 2018 07:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365377 The Tribunal allowed the appeal, finding that the medical insurance premium expenditure was allowable under Section 37(1) of the Income Tax Act, 1961, as it was incurred wholly and exclusively for business purposes. The Tribunal held that the payments had a nexus with the business of the assessee and were made under business expediency, justifying the deduction under Section 37(1). Case-Laws Income Tax Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365377