Held that the addition in respect of provision for standard assets was to be deleted as similar disallowances were deleted for an earlier assessment year in the assessee’s own case. (AY. 2011-12)
Oriental Insurance Co. Ltd. v. Dy. CIT (LTU) (2023)102 ITR 122 (Delhi)(Trib)
S.37(1): Business expenditure-Insurance business-Provisions on standard assets-Allowable as deduction.[S.44]