Income in case of life insurance business should be computed as per section 44 of Income Tax Act

ACIT Vs HDFC Life Insurance Company Limited (ITAT Mumbai)

ITAT Mumbai held that in case of life insurance business, the income should be computed as per provisions of section 44 of the Income Tax Act and to be taxed under section 115B.

Facts- The assessee

Please become a Premium member. If you are already a Premium member, login here to access the full content.