https://www.taxtmi.com/caselaws?id=384371 The Tribunal allowed the Revenue's applications for rectification of mistakes in the order dated 23rd August 2017, acknowledging the inadvertent error in not adjudicating certain grounds. The Tribunal upheld the Commissioner (Appeals)' decision on the computation of surplus as per actuarial valuation under the unamended Insurance Act, 1938. It held that income in the shareholder's account should be assessed under the head income from business, following past decisions. The appeal order was modified to address these issues, and the miscellaneous applications for rectification were granted. en-us Fri, 02 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384371 The Tribunal allowed the Revenue's applications for rectification of mistakes in the order dated 23rd August 2017, acknowledging the inadvertent error in not adjudicating certain grounds. The Tribunal upheld the Commissioner (Appeals)' decision on the computation of surplus as per actuarial valuation under the unamended Insurance Act, 1938. It held that income in the shareholder's account should be assessed under the head income from business, following past decisions. The appeal order was modified to address these issues, and the miscellaneous applications for rectification were granted. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384371