Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Insurance company computing income u/s 44 is not required to include profits from sale of investments for periods prior to 01.04.2011 as per Rule 5, aligning with decisions in United Insurance Company and Oriental Insurance Co. Ltd. Apollo Tyres Ltd. judgment on MAT computation is irrelevant as present case involves regular computation u/s 44 specific to insurance business. Profits from sale of investments must be included post 01.04.2011 due to amended Rule 5(b). High Court ruled in favor of assessee.
Insurance company computing income u/s 44 is not required to include profits from sale of investments for periods prior to 01.04.2011 as per Rule 5, aligning with decisions in United Insurance Company and Oriental Insurance Co. Ltd. Apollo Tyres Ltd. judgment on MAT computation is irrelevant as present case involves regular computation u/s 44 specific to insurance business. Profits from sale of investments must be included post 01.04.2011 due to amended Rule 5(b). High Court ruled in favor of assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
