https://www.taxtmi.com/caselaws?id=392788 The High Court of Bombay upheld the Tribunal's decision that dividend income is exempt under section 10(34) of the Income Tax Act, 1961, and that section 14A does not apply to insurance business when the assessee claims exempted income under section 10 of the Act. The Court found the Tribunal's rulings justified and dismissed the Appellant-Revenue's arguments on these issues. en-us Wed, 15 Jan 2020 00:00:00 +0530 Thu, 27 Feb 2020 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392788 The High Court of Bombay upheld the Tribunal's decision that dividend income is exempt under section 10(34) of the Income Tax Act, 1961, and that section 14A does not apply to insurance business when the assessee claims exempted income under section 10 of the Act. The Court found the Tribunal's rulings justified and dismissed the Appellant-Revenue's arguments on these issues. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392788