TATA AIA LIFE INSURANCE COMPANY LIMITED ,MUMBAI vs. PRINCIPLE COMM. OF INCOME TAX,RANE-8, MUMBAI
In the result, appeal of the assessee is allowed
ITA 1285/MUM/2022[2017-2018]Status: DisposedITAT Mumbai31 Oct 2022AY 2017-2018
Section 115Section 143(3)Section 253Section 263Section 44
defined under section 2(11) of the Insurance Act, 1938 (the Insurance Act').
Further, it is submitted that as per the provisions of section 3(4)(h) of the Insurance Act, the license granted by the IRDAI to assessee would be cancelled if it carries on any business other than