ITA No. 4567/Mum/2024 (A.Y: 2018-19)

Parties Involved

Facts Summary

The appeal was filed by the appellant/assessee against the order dated 11.07.2024 of the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi. The assessee raised the ground of appeal questioning the deletion of the addition of Rs. 1,73,13,000/- on account of Employee Insurance Policy Premium made by the Assessing Officer. The Department Representative submitted that the appeal has become infructuous due to circular no. 9/2024 dated 17.09.2024, which raised the monetary limit for tax effect for filing an appeal before the Income Tax Appellate Tribunal to Rs. 60 lacs. The tax effect in this appeal was Rs. 59,91,683/-.…

Legal Issues

• 1. Whether the Learned Commissioner of Income Tax (Appeals) was justified in deleting the addition of Rs. 1,73,13,000/- on account of Employee Insurance Policy Premium made by the Assessing Officer, ignoring the fact that Insurance Expenses on account of employees are personal in nature.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Similar Judgements

• M/s. Royal Sundaram General Insurance Co. Ltd. v. The DCIT, Large Taxpayer Unit, Chennai

• ITA No.683/Del/2024

  Delhi Bench benchAY 2017-18Dismissed

• ACIT, Kolkata Vs. Mohit Agarwal

  Kolkata bench

• ITA No.1345/Chny/2023

  Chennai bench

• DCIT, Circle - 4(3)(1), Bangalore. Vs. M/s. Kirloskar Electric Company Ltd.

  Bangalore bench

• ITA NO. 4232/Del/2024

  Delhi Bench 'G', New Delhi benchAY 2018-19Dismissed