2019 (7) TMI 889 - SCH - Income Tax

Allowable deduction u/s 37 - reinsurance payments to non-residents are prohibited by law and therefore hit by Explanation 1 to section 37 of the Act? - TDS liability on reinsurance premium paid to non-resident - disallowing the re-insurance premium under Section 40(a)(i) - HELD THAT - Application seeking exemption from filing certified copy of the impugned order is allowed. Issue notice. There shall be stay of remand in the meantime.

Summary

The Supreme Court in 2019 (7) TMI 889 - SC Order, with Hon'ble Mr. Justice Rohinton Fali Nariman and Hon'ble Mr. Justice Surya Kant presiding, condoned delay, allowed exemption from filing certified copy of the impugned order, issued notice, and ordered a stay of remand in the meantime.