ICICI Prudential Insurance Co. Ltd. v. ACIT

ASSISTANT COMMISSIONER OF INCOME TAX, MUMBAI vs. HDFC LIFE INSURANCE COMPANY LIMITED, MUMBAI

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Amarjit Singhshri Sandeep Singh Karhailacit – 1(1)(1) 597, Aayakar Bhavan, Mk Road, Mumbai Maharashtra–400020……………. Appellant

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ACIT – 1(1)(1) 597, Aayakar Bhavan, MK Road, Mumbai Maharashtra–400020……………. Appellant v/s HDFC Life Insurance Company Ltd., 13th Floor, Lodha Excelus Apollo Mills Compound N.M Joshi Marg, Jacob Circle, Mumbai – 400011. Maharashtra - 400011 PAN: AAACH8755L……………. Respondent CO.No. 22/MUM/2024 (Assessment Year :2019–20) HDFC Life Insurance Company Ltd., 13th Floor, Lodha Excelus Apollo Mills Compound N.M Joshi Marg, Jacob Circle, Mumbai – 400011. ……………. Cross Objector M…

JCIT (OSD), I/C DCIT, CIRCLE-8(3)(1), MUMBAI vs. M/S. TATA AIA LIFE INSURANCE CO. LTD., MUMBAI

In the result, appeals of the Revenue stands dismissed and appeal/CO of assessee are partly allowed for statistical purposes

Bench: Shri Aby T. Varkey, Jm & Shri S Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.1897/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2013-14) Jt. Commissioner Of Income बिधम/ M/S. Tata Aia Life Tax (Osd)- I/C Dcit, Insurance Co. Ltd. Vs. 14Th Floor, Tower-A, Circle-8(3)(1) Aaykar Bhavan, Room No. Peninsula Business Park, 615, M. K. Road, New Senapati, Bapat Marg, Marine Lines, Mumbai- Lower Parel, Mumbai- 400020. 400013. Cross Objection No. 80/Mum/2023 Arising Out Of I.T.A. No.1897/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2013-14) M/S. Tata Aia Life बिधम/ Jt. Commissioner Of Insurance Co. Ltd. Income Tax (Osd)- I/C Vs. 14Th Floor, Tower-A, Dcit, Circle-8(3)(1) Peninsula Business Park, Aaykar Bhavan, Room Senapati, Bapat Marg, No. 615, M. K. Road, Lower Parel, Mumbai- New Marine Lines, 400013. Mumbai-400020. आयकर अपील सं/ I.T.A. No.1759/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2018-19) Jt. Commissioner Of Income बिधम/ M/S. Tata Aia Life Tax (Osd)- I/C Dcit, Insurance Co. Ltd. Vs. Circle-8(3)(1) 14Th Floor, Tower-A, Aaykar Bhavan, Room No. Peninsula Business Park, 615, M. K. Road, New Senapati, Bapat Marg, Marine Lines, Mumbai- Lower Parel, Mumbai- 400020. 400013. .

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.1897/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2013-14) Jt. Commissioner of Income बिधम/ M/s. Tata AIA Life Tax (OSD)- I/c DCIT, Insurance Co. Ltd. Vs. 14th Floor, Tower-A, Circle-8(3)(1) Aaykar Bhavan, Room No. Peninsula Business Park, 615, M. K. Road, New Senapati, Bapat Marg, Marine Lines, Mumbai- Lower Parel, Mumbai- 400020. 400013. Cross Objection No. 80/Mum/2023 Arising out of I.T.A. No.1897/Mum/2023 (निर्धारण वर्ा / Assessment Year: 2013-14) M/s. Tata AIA Life बिधम/ Jt.…

DCIT- 8(3)(1), MUMBAI vs. TATA AIA LIFE INSURANCE COMPANY LIMITED , MUMBAI

Bench: Shri Aby T. Varkey, Jm & Shri S Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) Jt. Commissioner Of Income Tax (Osd)- I/C Dcit, Circle-8(3)(1) Aaykar Bhavan, Room No. 615, M. K. Road, New Marine Lines, Mumbai- 400020. Vs. बनाम / M/S. Tata Aia Life Insurance Co. Ltd. 14Th Floor, Tower-A, Peninsula Business Park, Senapati, Bapat Marg, Lower Parel, Mumbai- 400013. Cross Objection No. 80/Mum/2023 Arising Out Of I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) M/S. Tata Aia Life Insurance Co. Ltd. 14Th Floor, Tower-A, Peninsula Business Park, Senapati, Bapat Marg, Lower Parel, Mumbai- 400013. बनाम / Vs. Jt. Commissioner Of Income Tax (Osd)- I/C Dcit, Circle-8(3)(1) Aaykar Bhavan, Room No. 615, M. K. Road, New Marine Lines, Mumbai-400020. आयकर अपील सं/ I.T.A. No.1759/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2018-19) Jt. Commissioner Of Income Tax (Osd)- I/C Dcit, Vs. Circle-8(3)(1) Aaykar Bhavan, Room No. 615, M. K. Road, New Marine Lines, Mumbai- 400020. M/S. Tata Aia Life Insurance Co. Ltd. 14Th Floor, Tower-A, Peninsula Business Park, Senapati, Bapat Marg, Lower Parel, Mumbai- 400013.

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) Jt. Commissioner of Income Tax (OSD)- I/c DCIT, Circle-8(3)(1) Aaykar Bhavan, Room No. 615, M. K. Road, New Marine Lines, Mumbai- 400020. Vs. बनाम / M/s. Tata AIA Life Insurance Co. Ltd. 14th Floor, Tower-A, Peninsula Business Park, Senapati, Bapat Marg, Lower Parel, Mumbai- 400013. Cross Objection No. 80/Mum/2023 Arising out of I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) M/s. Tata AIA Life Insuranc…

TATA AIA LIFE INSURANCE COMPANY LIMITED ,MUMBAI vs. DCIT- 8(3)(1), MUMBAI

Bench: Shri Aby T. Varkey, Jm & Shri S Rifaur Rahman, Am

…IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) Jt. Commissioner of Income Tax (OSD)- I/c DCIT, Circle-8(3)(1) Aaykar Bhavan, Room No. 615, M. K. Road, New Marine Lines, Mumbai- 400020. Vs. बनाम / M/s. Tata AIA Life Insurance Co. Ltd. 14th Floor, Tower-A, Peninsula Business Park, Senapati, Bapat Marg, Lower Parel, Mumbai- 400013. Cross Objection No. 80/Mum/2023 Arising out of I.T.A. No.1897/Mum/2023 (निर्धारण वर्ष / Assessment Year: 2013-14) M/s. Tata AIA Life Ins…

ACIT-1(1)(1), MUMBAI vs. HDFC LIFE INUSRANCE COMPANY LIMITED , MUMBAI

In the result, the appeal by the revenue as well as the Cross objection of the assessee for the A

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

…1 ITsA1775 & 1848/Mum/2023 HDFC Life Insurance Co Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E”,MUMBAI BEFORE SHRI AMIT SHUKLA (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.1775/Mum/2023 - A.Y. 2017-18 I.T.A. No.1848/Mum/2023 - A.Y. 2018-19 ACIT-1(1)(1), 579, Aayakar Bhavan vs HDFC Life Insurance Company Limited, 13th Floor, Lodha Excelus, M.K. Road, Mumbai-400 020 Apollo Mills Compound, Joshi Marg, Mahalaxmi, Mumbai-400 011 PAN : AAACH8755L APPELLANT RESPONDENT C.O. Nos.75 & 76/Mum/2023 (Arising out of I.T.A. Nos.1775 & 1848/Mum/2023) (Assessment years, 2017-18 & 2018-19) H…

ACIT 1(1)(1), MUMBAI vs. M/S HDFC STANDARD LIFE INSURANCE CO. LTD (NOW KNOWN AS HDFC LIFE INSURANCE CO LTD.), MUMBAI

In the result, the appeal by the revenue as well as the Cross objection of the assessee for the A

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

…1 ITsA1775 & 1848/Mum/2023 HDFC Life Insurance Co Ltd IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “E”,MUMBAI BEFORE SHRI AMIT SHUKLA (JUDICIAL MEMBER) AND MS. PADMAVATHY S. (ACCOUNTANT MEMBER) I.T.A. No.1775/Mum/2023 - A.Y. 2017-18 I.T.A. No.1848/Mum/2023 - A.Y. 2018-19 ACIT-1(1)(1), 579, Aayakar Bhavan vs HDFC Life Insurance Company Limited, 13th Floor, Lodha Excelus, M.K. Road, Mumbai-400 020 Apollo Mills Compound, Joshi Marg, Mahalaxmi, Mumbai-400 011 PAN : AAACH8755L APPELLANT RESPONDENT C.O. Nos.75 & 76/Mum/2023 (Arising out of I.T.A. Nos.1775 & 1848/Mum/2023) (Assessment years, 2017-18 & 2018-19) H…

JCIT (OSD) 12(1)(1), MUMBAI vs. AEGON LIFE INSURANCE CO. LTD(ERSTWHILE AEGON LIFE INSURANCE CO. LTD), MUMBAI

In the result, appeal filed by the revenue for assessment year 2013-2014 is dismissed

Bench: Shri G. Manjunatha (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2013-14 The Acit Circle-12(1)(1), Aegon Life Insurance Company Room No. 223, 2Nd Floor, Ltd., Aayakar Bhavan, M.K. Road, Bldg. No. 3, 3Rd Floor, Unit-I Mubmai - 20 Vs. Nesco I.T. Park, W.E. Highway, Goregaon (East), Mumbai - 400063 Pan: Aagca3203J (Appellant) (Respondent) Revenue By : Shri Anadi Varma (Cit Dr) Assessee By : Shri Niraj Sheth (Ar) Date Of Hearing: 23/07/2019 Date Of Pronouncement: 30/07/2019

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “A”, MUMBAI BEFORE SHRI G. MANJUNATHA (AM) AND SHRI RAM LAL NEGI (JM) Assessment Year: 2013-14 The ACIT Circle-12(1)(1), Aegon Life Insurance Company Room No. 223, 2nd Floor, Ltd., Aayakar Bhavan, M.K. Road, Bldg. No. 3, 3rd Floor, Unit-I Mubmai - 20 Vs. Nesco I.T. Park, W.E. Highway, Goregaon (East), Mumbai - 400063 PAN: AAGCA3203J (Appellant) (Respondent) Revenue by : Shri Anadi Varma (CIT DR) Assessee by : Shri Niraj Sheth (AR) Date of Hearing: 23/07/2019 Date of Pronouncement: 30/07/2019 O R D E R PER RAM LAL NEGI, JM This appeal has been filed by the re…

DCIT 10(1), MUMBAI vs. STAR UNIN DAI-ICHI LIFE INSURANCE CO. LTD, MUMBAI

In the result, both appeals of the Revenue are dismissed

Bench: Shri Mahavir Singh & Shri Ashwani Tanejaassessment Year: 2009-10 & Assessment Year: 2010-11 Dcit -10(1) M/S. Star Union Dia Ichi Life 455, Aayakar Bhavan, Insurance Company Ltd. बनाम/ 4Th Floor, M.K. Marg, C-5,G Block, Star House, 3Rd Vs. Mumbai 400020 Floor, B.K.C. Bandra(E), Mumbai-400051 (Appellant) (Respondent ) P.A. No.Aalcs3949Q Revenue By Shri B.S. Bist (Dr) Respondent By Shri Shailesh Shah (Ar) सुनवाई क" तार"ख/Date Of Hearing: 14/12/2016 आदेश क" तार"ख /Date Of Order: 11/01/2017

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ,E,मुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “E”, MUMBAI Before Shri Mahavir Singh, Judicial Member, and Shri Ashwani Taneja, Accountant Member Assessment Year: 2009-10 & Assessment Year: 2010-11 DCIT -10(1) M/s. Star Union Dia ichi Life 455, Aayakar Bhavan, Insurance Company Ltd. बनाम/ 4th Floor, M.K. Marg, C-5,G block, Star House, 3rd Vs. Mumbai 400020 Floor, B.K.C. Bandra(E), Mumbai-400051 (Appellant) (Respondent ) P.A. No.AALCS3949Q Revenue by Shri B.S. Bist (DR) Respondent by Shri Shailesh Shah (AR) सुनवाई क" तार"ख/Date of Hearing: 14/12/2016 आदेश क" तार"ख…

DCIT 10(1), MUMBAI vs. STAR UNION DIA-ICHI LIFE INSURANCE COMPANY LTD, MUMBAI

In the result, both appeals of the Revenue are dismissed

Bench: Shri Mahavir Singh & Shri Ashwani Tanejaassessment Year: 2009-10 & Assessment Year: 2010-11 Dcit -10(1) M/S. Star Union Dia Ichi Life 455, Aayakar Bhavan, Insurance Company Ltd. बनाम/ 4Th Floor, M.K. Marg, C-5,G Block, Star House, 3Rd Vs. Mumbai 400020 Floor, B.K.C. Bandra(E), Mumbai-400051 (Appellant) (Respondent ) P.A. No.Aalcs3949Q Revenue By Shri B.S. Bist (Dr) Respondent By Shri Shailesh Shah (Ar) सुनवाई क" तार"ख/Date Of Hearing: 14/12/2016 आदेश क" तार"ख /Date Of Order: 11/01/2017

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ,E,मुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “E”, MUMBAI Before Shri Mahavir Singh, Judicial Member, and Shri Ashwani Taneja, Accountant Member Assessment Year: 2009-10 & Assessment Year: 2010-11 DCIT -10(1) M/s. Star Union Dia ichi Life 455, Aayakar Bhavan, Insurance Company Ltd. बनाम/ 4th Floor, M.K. Marg, C-5,G block, Star House, 3rd Vs. Mumbai 400020 Floor, B.K.C. Bandra(E), Mumbai-400051 (Appellant) (Respondent ) P.A. No.AALCS3949Q Revenue by Shri B.S. Bist (DR) Respondent by Shri Shailesh Shah (AR) सुनवाई क" तार"ख/Date of Hearing: 14/12/2016 आदेश क" तार"ख…

DCIT CIR 3(1), MUMBAI vs. AEGEON RELIGARE LIFE INSURANCE CO. LTD, MUMBAI

In the result, the appeal of the assessee is allowed and that of the revenue is dismissed

Bench: Hon‟Ble Shri Mahavir Singh, Jm & Hon‟Ble Shri Ramit Kochar, Am

…assessee‟s appeal, the ld. counsel for the assessee argued that this issue is squarely covered in favour of the assessee by the decision of the co-ordinate bench of this tribunal ITAT, Mumbai in the case of ICICI Prudential Insurance Co. Ltd. Vs. ACIT [2012] 28 Taxmann.com 257(Mum), dated 14/09/2012, has decided the issue by following the Pune Bench decision in the case of Bajaj Allianz General Insurance Co. Ltd. Vs. Addl. CIT in ITA No. 1447/PN/2007 for AY 2003-04 dated 31/08/2009 wherein it has been held that in view of non obstante clause of Section 44 of the Act read with Rule 5 of Schedule 1 of the Act, pro…

AEGON RELIGARE LIFE INSURANCE COMPANY LTD,MUMBAI vs. ASST CIT CIR 3(1), MUMBAI

In the result, the appeal of the assessee is allowed and that of the revenue is dismissed

Bench: Hon‟Ble Shri Mahavir Singh, Jm & Hon‟Ble Shri Ramit Kochar, Am

…assessee‟s appeal, the ld. counsel for the assessee argued that this issue is squarely covered in favour of the assessee by the decision of the co-ordinate bench of this tribunal ITAT, Mumbai in the case of ICICI Prudential Insurance Co. Ltd. Vs. ACIT [2012] 28 Taxmann.com 257(Mum), dated 14/09/2012, has decided the issue by following the Pune Bench decision in the case of Bajaj Allianz General Insurance Co. Ltd. Vs. Addl. CIT in ITA No. 1447/PN/2007 for AY 2003-04 dated 31/08/2009 wherein it has been held that in view of non obstante clause of Section 44 of the Act read with Rule 5 of Schedule 1 of the Act, pro…