https://www.taxtmi.com/caselaws?id=178325 The Tribunal consistently ruled in favor of the assessee across three assessment years regarding the taxation of profits on the sale of investments and the disallowance of expenses under section 14A. The Tribunal held that profits on the sale of investments are not taxable for insurance companies and that section 14A does not apply to insurance companies due to special provisions under section 44. The Tribunal ordered the deletion of additions made by the Assessing Officer in all instances, maintaining its precedent in favor of the assessee. en-us Fri, 30 Apr 2010 00:00:00 +0530 Wed, 13 Sep 2023 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178325 The Tribunal consistently ruled in favor of the assessee across three assessment years regarding the taxation of profits on the sale of investments and the disallowance of expenses under section 14A. The Tribunal held that profits on the sale of investments are not taxable for insurance companies and that section 14A does not apply to insurance companies due to special provisions under section 44. The Tribunal ordered the deletion of additions made by the Assessing Officer in all instances, maintaining its precedent in favor of the assessee. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178325