Sec. 37(1) & 263 of the Income-tax Act, 1961 - Business expenditure – Revenue challenged the order of Tribunal of allowing the deduction claimed by the assessee on account of premium paid for the accountant risked policy premium. High Court dismissed the Tax Appeal of the revenue showing its complete agreement with the order of Tribunal. - PR. CIT V/s PRINCE WATER HOUSE - [2020] 270 TAXMAN 307 (CAL)