https://www.taxtmi.com/caselaws?id=293536 The appeal by the Revenue was dismissed, with the ITAT upholding the CIT(A)'s decisions on all contested grounds. The ITAT ruled in favor of the assessee, a public sector undertaking, by affirming the deletion of additions related to accrued interest, disallowance under Section 14A, and guest house expenses, emphasizing the precedence of Section 44 in computing insurance business income. The issue under Section 115JB was deemed infructuous. The judgment was pronounced in open court on 22/10/2019. en-us Tue, 22 Oct 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293536 The appeal by the Revenue was dismissed, with the ITAT upholding the CIT(A)'s decisions on all contested grounds. The ITAT ruled in favor of the assessee, a public sector undertaking, by affirming the deletion of additions related to accrued interest, disallowance under Section 14A, and guest house expenses, emphasizing the precedence of Section 44 in computing insurance business income. The issue under Section 115JB was deemed infructuous. The judgment was pronounced in open court on 22/10/2019. Case-Laws Income Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293536