COMMISSIONER OF INCOME-TAX versus INDIAN LEAF SPRING MANUFACTURING (P.) LTD.
Reference Business Expenses Company Expenses Not Allowed Directors and employees Insurance premiums are paid by the employee director through the insurer company whether the valuation years 1979 80 80, 1980 81 and 1981 are section 40A (5) or 40 (82) of 82 ). Laws Indian Income Tax Act, 1961, Articles 40, 40A and 256
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