Case Law Details
Case Name : PCIT Vs Care Health Insurance Limited (Delhi High Court)
Appeal Number : ITA 304/2024
Date of Judgement/Order : 30/05/2024
Related Assessment Year :
Courts :
All High Courts Delhi High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
PCIT Vs Care Health Insurance Limited (Delhi High Court)
In the case of PCIT vs. Care Health Insurance Limited, the Delhi High Court addressed significant questions concerning the tax treatment of provisions made by an insurance company for unsettled claims and Incurred But Not Reported (IBNR) claims. The dispute arose from the Income Tax Appellate Tribunal’s (ITAT) decision to delete the disallowance of these provisions, which had been claimed as deductions by Care Health Insurance Limited under Section 37 of the Income Tax Act, 1961.
Background and Issues
The Principal Commissioner of Income Tax challenged the ITAT’s decision on several grounds:
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.