https://www.taxtmi.com/caselaws?id=462365 The SC/ITAT addressed multiple taxation issues for an insurance company. The Tribunal predominantly ruled in the assessee's favor, rejecting Revenue's appeals on accrued interest income, guest house repairs, and Section 14A disallowance. Key holdings included upholding Section 44's special provisions for insurance business income computation, confirming Section 10(38) exemption subject to STT verification, and directing fresh examination of depreciation allowance. The Tribunal maintained consistent legal interpretations across assessment years. en-us Tue, 26 Sep 2023 00:00:00 +0530 Mon, 16 Jun 2025 19:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462365 The SC/ITAT addressed multiple taxation issues for an insurance company. The Tribunal predominantly ruled in the assessee's favor, rejecting Revenue's appeals on accrued interest income, guest house repairs, and Section 14A disallowance. Key holdings included upholding Section 44's special provisions for insurance business income computation, confirming Section 10(38) exemption subject to STT verification, and directing fresh examination of depreciation allowance. The Tribunal maintained consistent legal interpretations across assessment years. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462365