https://www.taxtmi.com/caselaws?id=298392 For life insurance businesses, actuarial surplus computation under section 10(23AAB) may permit set-off of deficit from the Jeevan Suraksha Fund where binding precedent supports that treatment. Negative reserves shown in Form I are to be tested against the actuarial valuation method under the Insurance Act and applicable regulatory framework, and are not to be added back if precedent rejects such adjustment. Amounts distributed or paid to the Central Government from life insurance profits do not attract dividend distribution tax under section 115O where earlier Tribunal authority governs the issue. en-us Wed, 24 Feb 2016 00:00:00 +0530 Fri, 05 Aug 2022 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298392 For life insurance businesses, actuarial surplus computation under section 10(23AAB) may permit set-off of deficit from the Jeevan Suraksha Fund where binding precedent supports that treatment. Negative reserves shown in Form I are to be tested against the actuarial valuation method under the Insurance Act and applicable regulatory framework, and are not to be added back if precedent rejects such adjustment. Amounts distributed or paid to the Central Government from life insurance profits do not attract dividend distribution tax under section 115O where earlier Tribunal authority governs the issue. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298392