https://www.taxtmi.com/caselaws?id=355011 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal for the assessment year 2013-14. It affirmed that surplus/deficit of policy holders account can be aggregated with the surplus/deficit of shareholders account for determining the income of the assessee under sec. 44 of the Income Tax Act, clarifying the interpretation of the provision based on previous decisions in the assessee's own case for earlier assessment years. en-us Fri, 05 Jan 2018 00:00:00 +0530 Thu, 08 Feb 2018 07:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355011 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal for the assessment year 2013-14. It affirmed that surplus/deficit of policy holders account can be aggregated with the surplus/deficit of shareholders account for determining the income of the assessee under sec. 44 of the Income Tax Act, clarifying the interpretation of the provision based on previous decisions in the assessee's own case for earlier assessment years. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355011