ACIT, CHENNAI vs. ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED, CHENNAI

In the result, the appeals filed by both the Revenue and the assessee are partly allowed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

reassessment are allowed. 40. The next issue arises for consideration is disallowance of provision created towards claim incurred but not reported and claim incurred but not enough reported. This issue arises for consideration in Revenue’s appeal for assessment year 2010-11. 41. Shri Percy J. Pardiwalla, the Ld. Sr. counsel for the assessee, submitted that during the relevant year

DCIT, CHENNAI vs. M/S. ROYAL SUNDARAM ALLIANCE INSURANCE CO. LTD., CHENNAI

In the result, the appeals filed by both the Revenue and the assessee are partly allowed