https://www.taxtmi.com/highlights?id=48595 Disallowance u/s 14A - once it is clear that Section 44 read with Rule 2 of the First Schedule to the Act alone would apply when it comes to computing the profits and gains of life insurance business, the question of resorting to any other provision for individual items of income and expenditure would not arise - no disallowance en-us Mon, 12 Aug 2019 07:57:01 +0530 Mon, 12 Aug 2019 07:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48595 Disallowance u/s 14A - once it is clear that Section 44 read with Rule 2 of the First Schedule to the Act alone would apply when it comes to computing the profits and gains of life insurance business, the question of resorting to any other provision for individual items of income and expenditure would not arise - no disallowance Highlights Income Tax Mon, 12 Aug 2019 07:57:01 +0530 https://www.taxtmi.com/highlights?id=48595