I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...

One key contention was the computation of taxable surplus from the life insurance business. The assessee argued that the assessment was not in accordance with Section 44 and Rule 2, which should be ...

The court concluded that the reassessment in this case was a clear instance of a change of opinion, amounting to a review of the original scrutiny assessment, which is not permissible under the law.