https://www.taxtmi.com/caselaws?id=795018 Supreme Court declined to interfere with the High Court judgment concerning computation of general insurance business profits under Section 44 and Rule 5 of the First Schedule. The issues included treatment of investment-sale profits, applicability of minimum alternate tax to insurance companies, Section 14A disallowance, tax withholding on payments to non-resident surveyors and reinsurers, consequential disallowance for non-deduction of tax, depreciation on UPS, and consistency in departmental assessments. The Special Leave Petitions were dismissed, leaving the High Court judgment undisturbed. en-us Mon, 13 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795018 Supreme Court declined to interfere with the High Court judgment concerning computation of general insurance business profits under Section 44 and Rule 5 of the First Schedule. The issues included treatment of investment-sale profits, applicability of minimum alternate tax to insurance companies, Section 14A disallowance, tax withholding on payments to non-resident surveyors and reinsurers, consequential disallowance for non-deduction of tax, depreciation on UPS, and consistency in departmental assessments. The Special Leave Petitions were dismissed, leaving the High Court judgment undisturbed. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795018