https://www.taxtmi.com/caselaws?id=800713 For general insurers, the special computation under section 44 read with Rule 5 permits only prescribed adjustments. Statutory depreciation is available where book depreciation is excluded, with consequential treatment of fixed-asset sale profits; prior-year disallowed expenditure may be deducted after statutory conditions, including tax-deduction compliance, are met. The framework does not permit taxation of investment-sale profits through unprescribed adjustments or section 14A disallowance against exempt dividend income. AMP expenditure is not an international transaction without evidence of a brand-promotion arrangement with the associated enterprise. Co-insurance fees under a principal-to-principal arrangement are not commission, and qualifying computer peripherals are revenue expenditure. en-us Tue, 08 Sep 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800713 For general insurers, the special computation under section 44 read with Rule 5 permits only prescribed adjustments. Statutory depreciation is available where book depreciation is excluded, with consequential treatment of fixed-asset sale profits; prior-year disallowed expenditure may be deducted after statutory conditions, including tax-deduction compliance, are met. The framework does not permit taxation of investment-sale profits through unprescribed adjustments or section 14A disallowance against exempt dividend income. AMP expenditure is not an international transaction without evidence of a brand-promotion arrangement with the associated enterprise. Co-insurance fees under a principal-to-principal arrangement are not commission, and qualifying computer peripherals are revenue expenditure. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800713