DCIT, PUNE vs. BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED, PUNE
In the result, both the appeals filed by the Revenue are dismissed
ITA 654/PUN/2024[2018-19]Status: DisposedITAT Pune29 Oct 2024AY 2018-19
Bench: Shri R. K. Panda & Ms Astha Chandra
For Appellant: Shri Percy Pardiwalla &For Respondent: Shri P R Mane
Section 10(15)Section 10(34)Section 143(1)Section 143(2)Section 14ASection 44
holders' accounts.
7.3 The insurance Act, 1938 was amended vide the Insurance (Amendment)
Act.2002; to give full effect to the IRDA Act, 1999. Section 11(18) of the insurance
Act, 1938, inserted vide the said amendment provides that every insurer shall keep separate accounts relating to funds of shareholders