{"id":11351,"date":"2020-05-15T10:44:32","date_gmt":"2020-05-15T10:44:32","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-life-insurance-corporation-of-india-bomhcur-editorial-slp-granted-to-the-revenue-ca-no-7335-of-2019-dt-06-09-20192019-418-itr-14-st-sc\/"},"modified":"2020-05-15T10:44:32","modified_gmt":"2020-05-15T10:44:32","slug":"pcit-v-life-insurance-corporation-of-india-bomhcur-editorial-slp-granted-to-the-revenue-ca-no-7335-of-2019-dt-06-09-20192019-418-itr-14-st-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-life-insurance-corporation-of-india-bomhcur-editorial-slp-granted-to-the-revenue-ca-no-7335-of-2019-dt-06-09-20192019-418-itr-14-st-sc\/","title":{"rendered":"PCIT v. Life Insurance Corporation of India. (Bom)(HC)(UR) Editorial : SLP granted to the revenue (CA No.7335 of 2019 dt.06\/09\/2019)(2019) 418 ITR 14 (St.)(SC)"},"content":{"rendered":"<p>The loss incurred\u00a0\u00a0 from\u00a0\u00a0 the\u00a0\u00a0 pension\u00a0\u00a0 fund\u00a0\u00a0 like\u00a0\u00a0 Jeevan\u00a0\u00a0 Suraksha\u00a0\u00a0 Fund\u00a0\u00a0 had\u00a0\u00a0 to\u00a0\u00a0 be excluded\u00a0\u00a0 while\u00a0\u00a0 determining\u00a0\u00a0 the\u00a0\u00a0 actuarial\u00a0\u00a0 valuation\u00a0\u00a0 surplus\u00a0\u00a0 from the insurance business u\/s. 44 of the Act, cannot be faulted. (Arising out of ITA No.4874\/MUM\/2014 dt.24\/02\/2016)(ITA No.131 of 2017 dt.12\/03\/2019)(AY.2010 \u2013 2011)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44: Insurance business &#8211; Loss from Jeevan Suraksha fund cannot be added while computing   the income from insurance business. [(S. 10(23AAB) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11351","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2X5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11351"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11351\/revisions"}],"predecessor-version":[{"id":11352,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11351\/revisions\/11352"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}