https://www.taxtmi.com/caselaws?id=456964 The HC remanded the issue of reinsurance premium payments to the ITAT for further examination under Section 40(a)(i) of the Act. It ruled against the assessee regarding Section 14A deductions, affirming their exclusion in computing insurance income. The profits on the sale of investments issue were also remitted for re-examination. The exemption under Section 10(23G) was decided against the assessee, as it was not pursued. The appeals were disposed of with specific directions for each issue, clarifying outcomes based on legal precedents. en-us Thu, 18 Nov 2021 00:00:00 +0530 Tue, 27 Aug 2024 14:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456964 The HC remanded the issue of reinsurance premium payments to the ITAT for further examination under Section 40(a)(i) of the Act. It ruled against the assessee regarding Section 14A deductions, affirming their exclusion in computing insurance income. The profits on the sale of investments issue were also remitted for re-examination. The exemption under Section 10(23G) was decided against the assessee, as it was not pursued. The appeals were disposed of with specific directions for each issue, clarifying outcomes based on legal precedents. Case-Laws Income Tax Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456964