https://www.taxtmi.com/caselaws?id=403780 The tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer to delete the disallowance of medical insurance premiums for employees' family members as a business expense. The tribunal emphasized the nexus between the expenditure and business purpose, citing the provisions of Section 37(1) of the Income Tax Act. The decision was based on the precedent set by a co-ordinate bench and the lack of justification for the disallowance, ultimately ruling in favor of the assessee. en-us Thu, 28 Jan 2021 00:00:00 +0530 Mon, 08 Feb 2021 14:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403780 The tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer to delete the disallowance of medical insurance premiums for employees' family members as a business expense. The tribunal emphasized the nexus between the expenditure and business purpose, citing the provisions of Section 37(1) of the Income Tax Act. The decision was based on the precedent set by a co-ordinate bench and the lack of justification for the disallowance, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403780