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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Allowable deduction u/s 37 - ITAT observed that reinsurance ...


ITAT to Reconsider Allowing Reinsurance Payments to Non-Residents as Deductions u/s 37 of Income Tax Act.

February 7, 2019

Case Laws     Income Tax     HC

Allowable deduction u/s 37 - ITAT observed that reinsurance payments to non-residents are prohibited by law and therefore hit by Explanation 1 to section 37 of the Act? - Matter restored before ITAT

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