Income from Shareholder’s account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]

By Kalyani B. Nair - On December 15, 2022 12:31 pm - 2 mins read
Income - from - shareholder's - account - liable - to - be - taxed - as - part - of - life - insurance - business - ITAT - grants - relief - to - Tata - AIA - Life - Insurance - TAXSCAN

A Division Bench of the Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Income from shareholders’ account liable to be taxed as part of life insurance business, thereby granting relief to M/s. Tata AIA Life Insurance Company Ltd. The assessee,M/s. Tata AIA Life Insurance Company Ltd is a joint venture between Tata Sons and…

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