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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Addition of negative reserves to the actuarial surplus for ...


Insurance Authority Lacks Power to Adjust Actuarial Surplus for Income Calculation in Life Insurance Business.

September 11, 2015

Case Laws     Income Tax     AT

Addition of negative reserves to the actuarial surplus for determining the profit from business of Life Insurance - AO has no power to make any adjustment against Actuarial surplus determined as per Insurance Act while making computation of total income - AT

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