https://www.taxtmi.com/caselaws?id=286455 The Bombay High Court examined whether the revenue's challenge raised substantial questions of law on disallowance under section 14A, dividend exemption, computation of insurance business surplus under section 44 read with the First Schedule, inter-account transfers between policyholders' and shareholders' accounts, the effect of the Insurance Regulatory and Development Authority Act, negative reserve, depreciation, and separate taxation of shareholders' surplus. The appeal was admitted only on questions (i), (v), (vi), (viii) and (x), while questions (ii), (iii), (iv), (vii), (ix), (xi) and (xii) were dismissed as not giving rise to any substantial question of law. en-us Tue, 03 Jul 2018 00:00:00 +0530 Thu, 27 Feb 2020 06:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286455 The Bombay High Court examined whether the revenue's challenge raised substantial questions of law on disallowance under section 14A, dividend exemption, computation of insurance business surplus under section 44 read with the First Schedule, inter-account transfers between policyholders' and shareholders' accounts, the effect of the Insurance Regulatory and Development Authority Act, negative reserve, depreciation, and separate taxation of shareholders' surplus. The appeal was admitted only on questions (i), (v), (vi), (viii) and (x), while questions (ii), (iii), (iv), (vii), (ix), (xi) and (xii) were dismissed as not giving rise to any substantial question of law. Case-Laws Income Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286455