https://www.taxtmi.com/caselaws?id=788749 General insurance taxation is discussed on several recurring issues, including computation of profits under section 44 and Rule 5 of the First Schedule, the inapplicability of section 14A to insurance business, tax deduction at source on payments to non-resident surveyors and reinsurance premiums ceded to non-resident reinsurers, disallowance under section 40(a)(i) for non-deduction of tax, depreciation on UPS as part of computer systems, application of section 115JB to insurance companies, and the rule of consistency in departmental assessments. The Supreme Court dismissed the special leave petitions and left the Madras High Court judgment undisturbed. en-us Mon, 23 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788749 General insurance taxation is discussed on several recurring issues, including computation of profits under section 44 and Rule 5 of the First Schedule, the inapplicability of section 14A to insurance business, tax deduction at source on payments to non-resident surveyors and reinsurance premiums ceded to non-resident reinsurers, disallowance under section 40(a)(i) for non-deduction of tax, depreciation on UPS as part of computer systems, application of section 115JB to insurance companies, and the rule of consistency in departmental assessments. The Supreme Court dismissed the special leave petitions and left the Madras High Court judgment undisturbed. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788749