DCIT, CIR-8(3)(1), MUMBAI vs. M/S. TATA AIG GENERAL INSURANCE CO. LTD.,, MUMBAI
ITA 1834/MUM/2023[2016-17]Status: DisposedITAT Mumbai30 Oct 2024AY 2016-17
Bench: Shri Anikesh Banerjee & Shri Girish Agrawal
For Appellant: Shri Madhur Agrawal, AdvocateFor Respondent: Shri Biswanath Das, CIT DR
Section 10(15)(iv)Section 101A(7)Section 143(3)Section 32Section 37(1)Section 40Section 43BSection 44
prohibition under the Insurance Act, which prohibits ceding of re-
insurance with a foreign re- insurer outside India.
25. Section 2(168) defines-re-insurancell to mean the insurance of
all or part of one insurer's risk by another insurer who accepts the risk
for a mutually acceptable premium