https://www.taxtmi.com/caselaws?id=471026 Section 14A read with Rule 8D does not apply to a life insurance company because its income is computed under the special regime governing insurance businesses. Consistent coordinate-bench decisions in the taxpayer's earlier assessment years had applied this principle, and no contrary decision was identified. The resulting effect is that expenditure disallowance relating to exempt income is inapplicable to a life insurance company, and the disallowance is deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Tue, 18 Aug 2026 21:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471026 Section 14A read with Rule 8D does not apply to a life insurance company because its income is computed under the special regime governing insurance businesses. Consistent coordinate-bench decisions in the taxpayer's earlier assessment years had applied this principle, and no contrary decision was identified. The resulting effect is that expenditure disallowance relating to exempt income is inapplicable to a life insurance company, and the disallowance is deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471026