https://www.taxtmi.com/caselaws?id=409433 For life insurance business, amortisation of investment written off was accepted as part of income computation under section 44 read with the First Schedule, so the related addition was deleted. Interest on TDS was treated as inadmissible expenditure and the disallowance was sustained. Unpaid bonus and unpaid leave encashment were held to fall within the statutory bar under section 43B and remained disallowed because they had not been actually paid. The appellate result was mixed: relief was retained only for amortisation, while the other deduction claims failed. en-us Wed, 30 Jun 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409433 For life insurance business, amortisation of investment written off was accepted as part of income computation under section 44 read with the First Schedule, so the related addition was deleted. Interest on TDS was treated as inadmissible expenditure and the disallowance was sustained. Unpaid bonus and unpaid leave encashment were held to fall within the statutory bar under section 43B and remained disallowed because they had not been actually paid. The appellate result was mixed: relief was retained only for amortisation, while the other deduction claims failed. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409433