https://www.taxtmi.com/caselaws?id=401635 The ITAT dismissed the revenue's appeals for A.Y 2012-13 and A.Y 2013-14, upholding the CIT(A)'s decisions. The Tribunal confirmed that profit on sale of investments is exempt under Section 10(38), disallowance under Section 14A does not apply to insurance companies, amortization of premium on government securities is allowable, and Section 115JB does not apply to the assessee. The decisions were consistent with prior rulings in the assessee's cases and supported by higher judicial authorities. en-us Tue, 11 Aug 2020 00:00:00 +0530 Sat, 12 Dec 2020 13:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401635 The ITAT dismissed the revenue's appeals for A.Y 2012-13 and A.Y 2013-14, upholding the CIT(A)'s decisions. The Tribunal confirmed that profit on sale of investments is exempt under Section 10(38), disallowance under Section 14A does not apply to insurance companies, amortization of premium on government securities is allowable, and Section 115JB does not apply to the assessee. The decisions were consistent with prior rulings in the assessee's cases and supported by higher judicial authorities. Case-Laws Income Tax Tue, 11 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401635