IT Department Appeals to Bombay HC Against LIC in Rs 5K crore Tax Cases

Last updated: 19 October 2023

The Life Insurance Corporation (LIC) is currently grappling with an appeal filed by the Income Tax Authority with the Bombay High Court, challenging the Income Tax Appellate Tribunals recent decision to grant the insurance giant tax relief in two disputes, totaling a significant Rs 4,993 crore. The

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