October 2018

6 Section 37(1) – In the absence of any evidence brought on record by the AO to substantiate that the payment of insurance premium of employees’ family members in terms of employment rules framed by the assessee company had no nexus with business of the assessee, it could hardly be said that the impugned expenditure was not incurred wholly and exclusively for the purposes of business, which is the real intent of section 37(1).

Jagdish T. Punjabi, Devendra Jain, Tejaswini Ghag, Chartered Accountants

[2018] 96 taxmann.com 483 (Delhi)

Loesche India (P.) Ltd. vs. ACIT

ITA No. : 295/Delhi/2016

A. Y: 2010-11    
Dated: 13th August, 2018



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