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2018 (2) TMI 432 - AT - Income TaxComputing income from life insurance business - determining the income of the assessee u/s. 44 - Held that:- Following the orders of tribunal in the assessee’s own case for asst. year’s 2011-12 and 2012-13 we are of the view and hold that surplus/deficit of policy holders account may be aggregated with the surplus/deficit of the shareholders account for determining the income of the assessee u/s 44 of the Act. We find no reason to interfere with the finding/order of the ld CIT(A) on this issue and consequently dismiss the appeal filed by Revenue.
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