ORDER

Through this appeal, the appellant-Department has objected to the impugned order of the learned C.I.T. (A), dated 11-2-2006 for the assessment year 2002-03 deleting the addition of Rs.30,00,478 made under section 24(c) on the repealed Income Tax Ordinance, 1979 on account of commission paid on reinsurance and the addition of Rs.84,61,656 made under the head "Management Expenses".We have heard the learned representatives from both the sides and have also perused the impugned order of the learned C.I.T. (A) and the assessment order.The assessee, in this case, is a Public Limited Company deriving income from general insurance business. The Taxation Officer, while examining Form XL obtained from the Controller, Insurance Accounts observed that the assessee in the present case paid reinsurance premium and certain amounts withheld as commission and no evidence of tax deduction was produced by the assessee. The Assessing Officer asked the assessee-Company to provide evidences. In response, on...