https://www.taxtmi.com/caselaws?id=304853 The Tribunal upheld the decisions in favor of the assessee on various issues including the deletion of addition made on account of loss from Jeevan Suraksha Fund, exemption of dividend income under Section 10(34), and the impact of negative reserves on taxable surplus. The Tribunal also directed a review of the addition made on account of interim bonus paid and found that provisions of Section 115-O were not applicable to the assessee. However, the Tribunal ruled against the assessee regarding the taxation of income from shareholders' funds credited directly to their accounts. The appeal of the Revenue was partly allowed for statistical purposes, while the assessee's appeal was dismissed. en-us Wed, 06 Sep 2017 00:00:00 +0530 Tue, 01 Nov 2022 11:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304853 The Tribunal upheld the decisions in favor of the assessee on various issues including the deletion of addition made on account of loss from Jeevan Suraksha Fund, exemption of dividend income under Section 10(34), and the impact of negative reserves on taxable surplus. The Tribunal also directed a review of the addition made on account of interim bonus paid and found that provisions of Section 115-O were not applicable to the assessee. However, the Tribunal ruled against the assessee regarding the taxation of income from shareholders' funds credited directly to their accounts. The appeal of the Revenue was partly allowed for statistical purposes, while the assessee's appeal was dismissed. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304853