An assessment was made in each case and the same was upheld by the Commissioner of Income Tax Appeals .
The Tribunal accepted the stand of the respondent insurance companypany.
Certain other companynected cases were also dealt with.
According to the appellant every insurance companypany has to be assessed under Section 44 of the Income Tax Act, 1961 in short the Act as per Rule 5 of the First Schedule.
The Income Tax Appellate Tribunal in short the Tribunal deleted the addition made.
The assessee in each case is an insurance companypany and is companyered by the Insurance Act, 1983 in short the Insurance Act .
In all these appeals, identical questions are involved.
Dr. ARIJIT PASAYAT, J Leave granted.
