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HomeDirect TaxLife Insurance Taxation: Karnataka HC Quashes Reassessment Proceedings Against PNB MetLife

Life Insurance Taxation: Karnataka HC Quashes Reassessment Proceedings Against PNB MetLife

Direct Tax

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By Mariya Paliwala
Life Insurance Taxation: Karnataka HC Quashes Reassessment Proceedings Against PNB MetLife

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The Karnataka High Court has quashed reassessment proceedings initiated against PNB MetLife India Insurance Company Limited for the Assessment Year (AY) 2014–15, holding that the issue involved was already conclusively settled in favour of the insurer in earlier years. The bench of Justice S.R. Krishna Kumar  set aside both the jurisdictional objection rejection order dated…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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