Monday, February 25, 2019

Re-insurance premium paid by insurance co. to non-resident-reinsurance company was allowable exp.

IT : Re-insurance arrangement by assessee insurance company with a foreign reinsurance company was not prohibited and; therefore, reinsurance premium paid by assessee insurance company to non-resident reinsurance company was to be allowed under section 37(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2tCbTS4
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...