https://www.taxtmi.com/caselaws?id=298274 The Tribunal upheld the ld CIT(A)'s decisions regarding the treatment of surplus from Shareholder's funds as income from life insurance business under Section 44 of the IT Act, determination of profits in the life insurance business, and the exclusion of losses in the pension account for computing Total Income. It emphasized the importance of Section 44 of the IT Act in computing income for the life insurance business, aligning with legal provisions and precedents. en-us Wed, 23 Oct 2019 00:00:00 +0530 Sat, 23 Oct 2021 07:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298274 The Tribunal upheld the ld CIT(A)'s decisions regarding the treatment of surplus from Shareholder's funds as income from life insurance business under Section 44 of the IT Act, determination of profits in the life insurance business, and the exclusion of losses in the pension account for computing Total Income. It emphasized the importance of Section 44 of the IT Act in computing income for the life insurance business, aligning with legal provisions and precedents. Case-Laws Income Tax Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298274