HC remanded matter as deduction was allowed by ITAT without verifying documentary evidence of exp.

INCOME TAX : Where assessee failed to produce any documentary evidence to justify its claim for deduction under section 37(1) on account of insurance premium paid on Keyman Insurance policy and Tribunal, without giving any acceptable finding, concluded that said premium paid by assessee should be allowed as business expenditure, impugned order passed by Tribunal was to be set aside and matter was to be remanded

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