https://www.taxtmi.com/highlights?id=37600 Income in the shareholders a/c has to be computed under the normal provisions of the computation of income in Income Tax Act. Royalty paid by the assessee in our view cannot be regarded to be an expense relating to the life insurance business. - AT en-us Thu, 18 Jan 2018 12:05:13 +0530 Thu, 18 Jan 2018 12:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37600 Income in the shareholders a/c has to be computed under the normal provisions of the computation of income in Income Tax Act. Royalty paid by the assessee in our view cannot be regarded to be an expense relating to the life insurance business. - AT Highlights Income Tax Thu, 18 Jan 2018 12:05:13 +0530 https://www.taxtmi.com/highlights?id=37600