1999 (2) TMI 14

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....thus : "(1) Whether the Tribunal is right in law and on facts in deleting the addition under section 40A(5) of the Income-tax Act, 1961, in respect of premium paid for the purchase of deferred annuity policies in respect of two managing directors ? (ii) Whether the Appellate Tribunal is right in distinguishing the decision of the Gujarat Steel Tubes Ltd.'s case [1994] 210 ITR 358 ?" It is diffi....