https://www.taxtmi.com/caselaws?id=437503 Contribution paid to LIC under an existing group gratuity-cum-life insurance scheme was treated as an allowable deduction where the assessee had consistently claimed the expenditure in earlier years and the scheme had already been acted upon. The absence of the approval certificate before the lower authorities was not treated as decisive, because the factual record showed continuing acceptance of the scheme and eligibility of the payment under the Act. Applying the principle of consistency, the deduction was allowed and the disallowance was held unsustainable. en-us Mon, 27 Feb 2023 00:00:00 +0530 Sat, 06 May 2023 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437503 Contribution paid to LIC under an existing group gratuity-cum-life insurance scheme was treated as an allowable deduction where the assessee had consistently claimed the expenditure in earlier years and the scheme had already been acted upon. The absence of the approval certificate before the lower authorities was not treated as decisive, because the factual record showed continuing acceptance of the scheme and eligibility of the payment under the Act. Applying the principle of consistency, the deduction was allowed and the disallowance was held unsustainable. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437503