https://www.taxtmi.com/caselaws?id=429694 Section 44 and the First Schedule provide the special computation regime for insurance business, and a section 14A read with rule 8D disallowance cannot be made by travelling beyond that framework; the deletion of the disallowance was therefore upheld. Interim bonus paid to policyholders, said to have been funded from earlier-year surplus, required fresh factual examination in line with prior directions, so the matter was remitted to the Assessing Officer. A separate deduction for donation under section 80G was denied because the claim would confer a second benefit after the amount had already been reflected in the insurance computation, amounting to double deduction. en-us Thu, 29 Sep 2022 00:00:00 +0530 Wed, 02 Nov 2022 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429694 Section 44 and the First Schedule provide the special computation regime for insurance business, and a section 14A read with rule 8D disallowance cannot be made by travelling beyond that framework; the deletion of the disallowance was therefore upheld. Interim bonus paid to policyholders, said to have been funded from earlier-year surplus, required fresh factual examination in line with prior directions, so the matter was remitted to the Assessing Officer. A separate deduction for donation under section 80G was denied because the claim would confer a second benefit after the amount had already been reflected in the insurance computation, amounting to double deduction. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429694