ACIT, CHENNAI vs. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD., CHENNAI
In the result, the appeals filed by both the Revenue and the assessee are partly allowed
ITA 2372/CHNY/2014[2009-2010]Status: DisposedITAT Chennai31 Jul 2018AY 2009-2010
Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1674, 1675, 1759 & 1676/Chny/2011 "नधा"रण वष" / Assessment Years : 2003-04, 2004-05, 2006-07 & 2007-08 आयकर अपील सं./Ita No.40/Chny/2009 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No.1366/Chny/2013 "नधा"रण वष" / Assessment Year : 2008-09 & आयकर अपील सं./Ita No.2372/Chny/2014 "नधा"रण वष" / Assessment Year : 2009-10 The Deputy Commissioner Of M/S Cholamandalam Ms General Income Tax, V. Insurance Co. Ltd., Dare House, No.2, The Assistant Commissioner Of Nsc Bose Road, Income Tax. Chennai - 600 001. Large Taxpayer Unit, Chennai - 600 101. Pan : Aabcc 6633 K (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri Percy J. Pardiwalla, Sr. AdvocateFor Respondent: Shri M. Swaminathan, Sr.Standing Counsel
disallowed under Section 37 of the
Act since it was paid in violation of Section 2(9) of the Insurance
Act, 1938 as it stood at the relevant point of time.
17. By way of rejoinder, Shri Percy J. Pardiwala, the Ld. Sr.
counsel for the assessee, submitted that re-insurance programme
of the assessee-company was made after extensive
