https://www.taxtmi.com/caselaws?id=775933 Section 44 read with the First Schedule governs computation of income from a life insurance business, so additions based on ordinary business computation provisions were deleted, including the treatment of profit on sale of investments, bonus allocated to policyholders, funds for future appropriation, and the section 14A disallowance. CSR expenditure that had been disallowed could be examined for deduction under section 80G if supporting donation evidence was verified, and the claim was remanded for that purpose. An additional claim for exemption of interest income under section 10(15)(iv)(h) could be raised at the appellate stage where relevant facts were already on record, but required verification of the applicable notification and eligibility conditions. en-us Wed, 04 Jun 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775933 Section 44 read with the First Schedule governs computation of income from a life insurance business, so additions based on ordinary business computation provisions were deleted, including the treatment of profit on sale of investments, bonus allocated to policyholders, funds for future appropriation, and the section 14A disallowance. CSR expenditure that had been disallowed could be examined for deduction under section 80G if supporting donation evidence was verified, and the claim was remanded for that purpose. An additional claim for exemption of interest income under section 10(15)(iv)(h) could be raised at the appellate stage where relevant facts were already on record, but required verification of the applicable notification and eligibility conditions. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775933