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2017 (9) TMI 1626 - AT - Income TaxComputation of income from business of life insurance - determining the profit/loss of the assessee u/s. 44 - Held that:- Respectfully following the decision of the coordinate Bench of this Tribunal in assessee’s own case for AY 2011-12 [2016 (9) TMI 1418 - ITAT BANGALORE] we are of the view that surplus/deficit as per shareholders account may be aggregated with surplus/deficit of the policy holders account for determining the income of the assessee u/s. 44 of the Act. The CIT(Appeals) after considering the relevant provisions of the Act has rightly deleted the addition made by the AO. - Decided against revenue
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