TaxTMI Login
Just a moment...
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 Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of ITAT affirmed that insurance companies are eligible for exemptions under sections 10(38), 10(15), and 10(34) for profits from sale of shares/securities, interest on securities, and dividend income respectively, despite the special computation provisions under section 44 read with First Schedule. Following precedent from prior assessment years and CBDT circular dated 21.02.2006, the Tribunal upheld CIT(A)'s order granting these exemptions to the assessee insurance company. The revenue's appeal challenging these exemptions was dismissed, establishing that general exemption provisions remain applicable to insurance companies alongside their specific computation framework.
TaxTMI 
TaxTMI 
