https://www.taxtmi.com/caselaws?id=471052 Dividend income of a life-insurance company remains exempt where the special computation regime for insurance business does not displace the statutory dividend exemption. Section 44 governs computation of insurance-business profits only to the extent of the provisions specified and does not exclude the exemption available for dividend income. The special scheme under section 44 and the First Schedule also governs insurance-business computation, so disallowance of expenditure relating to exempt income under section 14A read with Rule 8D does not apply to an insurance company. en-us Thu, 28 Jul 2022 00:00:00 +0530 Wed, 19 Aug 2026 12:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471052 Dividend income of a life-insurance company remains exempt where the special computation regime for insurance business does not displace the statutory dividend exemption. Section 44 governs computation of insurance-business profits only to the extent of the provisions specified and does not exclude the exemption available for dividend income. The special scheme under section 44 and the First Schedule also governs insurance-business computation, so disallowance of expenditure relating to exempt income under section 14A read with Rule 8D does not apply to an insurance company. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471052