https://www.taxtmi.com/caselaws?id=28529 The court ruled against the assessee, denying relief under Section 35B of the Income-tax Act, 1961, due to the comprehensive provisions of Section 44 for computing profits of insurance companies. However, the court ruled in favor of the assessee, allowing a deduction under Section 37 for a payment made to the provident fund due to devaluation of the Indian rupee. The court concluded with no order as to costs. en-us Mon, 15 Mar 1982 00:00:00 +0530 Tue, 23 Feb 2010 13:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28529 The court ruled against the assessee, denying relief under Section 35B of the Income-tax Act, 1961, due to the comprehensive provisions of Section 44 for computing profits of insurance companies. However, the court ruled in favor of the assessee, allowing a deduction under Section 37 for a payment made to the provident fund due to devaluation of the Indian rupee. The court concluded with no order as to costs. Case-Laws Income Tax Mon, 15 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28529