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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Allowable deduction u/s 37 - reinsurance premium paid to ...


High Court Orders Reinsurance Premium Deduction Case u/s 37 Back to ITAT, No New Evidence Allowed.

February 7, 2019

Case Laws     Income Tax     HC

Allowable deduction u/s 37 - reinsurance premium paid to non-resident - while restoring the matter before ITAT, HC directed that, the assessee and the Revenue are not entitled to place any fresh material before the Tribunal so as to enable the Tribunal to take a decision as expeditiously as possible.

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