https://www.taxtmi.com/caselaws?id=283720 The Tribunal ruled in favor of the assessee on various grounds, including exempting profit on the sale of investments from tax, disallowing under Section 14A, and allowing deduction for amortization of premium. It was held that Section 115JB does not apply to insurance companies. However, the addition on account of taxes paid on foreign dividends was upheld. The Tribunal also dismissed the addition under Section 69B, as the shares were not transferred. en-us Fri, 27 Feb 2015 00:00:00 +0530 Wed, 09 Oct 2019 10:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283720 The Tribunal ruled in favor of the assessee on various grounds, including exempting profit on the sale of investments from tax, disallowing under Section 14A, and allowing deduction for amortization of premium. It was held that Section 115JB does not apply to insurance companies. However, the addition on account of taxes paid on foreign dividends was upheld. The Tribunal also dismissed the addition under Section 69B, as the shares were not transferred. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283720