3 results for “capital gains”+ Section 115Bclear
Sorted by relevance
In the result, appeal of the assessee is allowed
Bench: Shri. Abraham P. George
gains arising to an insurance company from shareholders account and policy holders account. Only relationship between these two, as per the Ld. AR was the requirement to replenish the deficit in policy holders account from the shareholders ITA.756/Bang/2015 Page - 7 account. IRDA regulations mandated separation of accounts so as to ensure safety of the policy holders money. Thus there