https://www.taxtmi.com/caselaws?id=241958 The ITAT Mumbai ruled in favor of the assessee company on both issues. The deduction claim for expenditure related to the increase in share capital was allowed under section 44 of the Income Tax Act. Additionally, the Tribunal admitted the additional ground regarding the consideration of loss from the Pension Fund for determining surplus/(deficit) from the insurance business. en-us Thu, 19 Dec 2013 00:00:00 +0530 Sat, 04 Jan 2014 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241958 The ITAT Mumbai ruled in favor of the assessee company on both issues. The deduction claim for expenditure related to the increase in share capital was allowed under section 44 of the Income Tax Act. Additionally, the Tribunal admitted the additional ground regarding the consideration of loss from the Pension Fund for determining surplus/(deficit) from the insurance business. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241958