Royal Sundaram General Insurance Co. Ltd. v. Dy. CIT (2025) 123 ITR 507 / 175 taxmann.com 427 (Chennai)(Trib.) – Digest of case laws

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Home › Income-Tax Act › Royal Sundaram General Insurance Co. Ltd. v. Dy. CIT (2025) 123 ITR 507 / 175 taxmann.com 427 (Chennai)(Trib.)

Royal Sundaram General Insurance Co. Ltd. v. Dy. CIT (2025) 123 ITR 507 / 175 taxmann.com 427 (Chennai)(Trib.)

S. 115JB : Company-Book profit-Insurance company-Reserve for unexpired risks and premium deficiency-No adjustment permissible under Explanation 1-Addition deleted.

The Tribunal held that section 115JB does not provide for adding back reserve for unexpired risks or premium deficiency while computing book profit. As these items are not specified in Explanation 1 to section 115JB, the additions made by the Assessing Officer were deleted. (AY. 2008-09 to 2014-15).

‹ Sanghi Industries Ltd. v. Dy. CIT (2025) 123 ITR 133 / 170 taxmann.com 716 (Hyd.)(Trib.)

Sukriti Information Systems (P.) Ltd. v. ITO (2025) 123 ITR 376 / 174 taxmann.com 1135 (Delhi)(Trib.) ›

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