Actuarial valuation as per insurance Act, 1938 shall be base for computing taxable income of Life Insurance Co.: ITAT

INCOME TAX : Where reasons communicated to assessee for reopening assessment were incomplete and nowhere in reasons recorded, failure on part of assessee to furnish full and true information necessary for purpose of assessment was mentioned, entire reassessment proceedings being void ab initio were to be set asideINCOME TAX : Where reasons communicated to assessee for reopening assessment were incomplete and nowhere in reasons recorded, failure on part of assessee to furnish full and true information necessary for purpose of assessment was mentioned, entire reassessment proceedings being void ab initio were to be set asidewww.taxmann.com Latest Case LawsRead More

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