https://www.taxtmi.com/caselaws?id=407419 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions. The exemption under Section 10(34) for dividend income was affirmed, and the addition on account of negative reserves was deleted. The decisions were supported by judicial precedents and provisions of the Income Tax Act, 1961, and the Insurance Act, 1938. The ITAT found no grounds to overturn the CIT(A)'s reasoned conclusions. en-us Wed, 07 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 08:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407419 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions. The exemption under Section 10(34) for dividend income was affirmed, and the addition on account of negative reserves was deleted. The decisions were supported by judicial precedents and provisions of the Income Tax Act, 1961, and the Insurance Act, 1938. The ITAT found no grounds to overturn the CIT(A)'s reasoned conclusions. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407419