JOINT COMMISSIONER OF INCOME TAX (OSD)-I/C DCIT CIRCLE 8(3)(1), MUMBAI vs. M/S TATA AIG GENERAL INSURANCE CO. LTD, MUMBAI
ITA 1835/MUM/2023[2017-2018]Status: DisposedITAT Mumbai30 Oct 2024AY 2017-2018
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.\n25. 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