https://www.taxtmi.com/caselaws?id=304845 Income from a fund covered by section 10(23AAB) remains outside total income, so the deficit from the Jeevan Suraksha Fund could be set off against taxable income in line with earlier binding decisions affirmed by the jurisdictional High Court. A statutory payment made by LIC to the Central Government under the Life Insurance Corporation Act, 1956 was not dividend within section 2(22), and the Government was not treated as a shareholder for dividend distribution tax purposes under sections 115-O and 115Q. The revenue appeals therefore failed, and the additions were upheld as deleted. en-us Wed, 10 Jul 2013 00:00:00 +0530 Mon, 31 Oct 2022 15:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304845 Income from a fund covered by section 10(23AAB) remains outside total income, so the deficit from the Jeevan Suraksha Fund could be set off against taxable income in line with earlier binding decisions affirmed by the jurisdictional High Court. A statutory payment made by LIC to the Central Government under the Life Insurance Corporation Act, 1956 was not dividend within section 2(22), and the Government was not treated as a shareholder for dividend distribution tax purposes under sections 115-O and 115Q. The revenue appeals therefore failed, and the additions were upheld as deleted. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304845