https://www.taxtmi.com/caselaws?id=374708 A tax appellate tribunal must confine itself to the issues covered by the remand and cannot, on its own motion, decide a question not raised by the parties; the text states that such an approach exceeds jurisdiction under the Income-tax Act. It also explains that a statutory requirement to place a stipulated portion of reinsurance with Indian reinsurers does not, by itself, prohibit further reinsurance with non-resident reinsurers. The insurance regulations are described as permitting foreign placement subject to conditions, so payments to foreign reinsurers are not shown to be prohibited by law for disallowance under Explanation 1 to section 37. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 07 Mar 2019 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374708 A tax appellate tribunal must confine itself to the issues covered by the remand and cannot, on its own motion, decide a question not raised by the parties; the text states that such an approach exceeds jurisdiction under the Income-tax Act. It also explains that a statutory requirement to place a stipulated portion of reinsurance with Indian reinsurers does not, by itself, prohibit further reinsurance with non-resident reinsurers. The insurance regulations are described as permitting foreign placement subject to conditions, so payments to foreign reinsurers are not shown to be prohibited by law for disallowance under Explanation 1 to section 37. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374708