https://www.taxtmi.com/caselaws?id=470913 Life insurance business profits are computed under section 44 read with Part A of the First Schedule, which overrides other Income-tax Act computation provisions. On the stated consistent Tribunal position, section 14A and rule 8D do not apply to expenditure related to exempt dividend income of an insurance company. Consequently, disallowance under section 14A read with rule 8D is inapplicable to a life insurance company, and deletion of that disallowance is sustained. en-us Tue, 24 Oct 2017 00:00:00 +0530 Thu, 13 Aug 2026 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470913 Life insurance business profits are computed under section 44 read with Part A of the First Schedule, which overrides other Income-tax Act computation provisions. On the stated consistent Tribunal position, section 14A and rule 8D do not apply to expenditure related to exempt dividend income of an insurance company. Consequently, disallowance under section 14A read with rule 8D is inapplicable to a life insurance company, and deletion of that disallowance is sustained. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470913