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Sec. 9 of the Income-tax Act, 1961 - Income - Whether the Tribunal is correct in holding that the provisions of Section 115JB of the Act which enables the companies to compute book profit may not be applicable to insurance companies. The Court had considered the same question in the case of CIT v. Cholamandalam Ms. General Insurance Co. Ltd. [T.C.A. Nos. 93 to 100 of 2019, dated 28-1-2019] and rejected the same and held against the Revenue. Thus, High Court dismissed the appeal of the revenue. SLP also dismissed. - CIT V/s UNITED INDIA INSURANCE CO. - [2020] 273 TAXMAN 187 (SC)