1997 (12) TMI 659

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....Per R. K. Abichandani, J. ) The applicant has moved this application under Section 256(2) of the Income Tax Act, 1961 proposing the following two questions for the decision of this Court: 1. "Whether, the appellate Tribunal is right in law and on facts in deleting the addition under Section 40A(5) of the Act in respect of premium paid for the purchase of deferred annuty policies in res....