Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi High Court Rules Interim Compensation to Life Insurers as Capital Receipt, Opposing Board's Revenue Stance.</h1> The circular addresses the assessment of interim compensation paid to life insurance companies upon nationalization. It highlights a Delhi High Court ruling that classified such compensation as a capital receipt, contrary to the Board's earlier instructions which treated it as a revenue receipt. The Board instructs adherence to its original stance outside the Delhi High Court's jurisdiction and suggests using similar arguments in future cases. It references past legal cases to support its position and requests that any relevant appellate decisions be reported to the Board. Officers and representatives are to be informed of these instructions.
TaxTMI 
TaxTMI 
