{"id":5111,"date":"2019-04-22T11:12:04","date_gmt":"2019-04-22T11:12:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cholamandalam-ms-general-insurance-company-ltd-v-acit-2018-170-dtr-22-195-ttj-166-chennai-trib\/"},"modified":"2019-04-22T11:12:04","modified_gmt":"2019-04-22T11:12:04","slug":"cholamandalam-ms-general-insurance-company-ltd-v-acit-2018-170-dtr-22-195-ttj-166-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cholamandalam-ms-general-insurance-company-ltd-v-acit-2018-170-dtr-22-195-ttj-166-chennai-trib\/","title":{"rendered":"Cholamandalam Ms General Insurance Company Ltd. v. ACIT . (2018) 170 DTR 22 \/ 195 TTJ 166 (Chennai) (Trib.)"},"content":{"rendered":"<p>AO also made a disallowance u\/s 14A. On appeal, CIT(A) deleted addition\u00a0on ground that provisions of S.14A\u00a0were not applicable to insurance company.\u00a0 Allowing the appeal of the revenue the Tribunal held due to deletion of rule 5(b) of first Schedule by Finance Act, 1988, there was no provision for any adjustment for profit on sale of investment by Insurance company. Accordingly the AO\u00a0 has rightly taken \u00a0the view that sale of investments as taxable income of assessee. (AY. 2003 -04 to 2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44 : Insurance business-Sale of investments-Held to be taxable. [S. 14A]<\/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-5111","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1kr","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5111","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=5111"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5111\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}