Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Relief to ICICI: ITAT Deletes Disallowance of Dividend Income Citing S.44 Overrides S.14A in Computation of Insurance Company Income
Income TaxInsurance
The ITAT provided relief to ICICI by deleting the disallowance of dividend income, ruling that Section 44, which deals with insurance company income, overrides Section 14A of the Income Tax Act. This ruling confirms that specific provisions for insurance companies take precedence over general disallowance rules, offering clarity on income computation for such entities.
