DCIT, MUMBAI vs. ICICI PRUDENTIAL LIFE INSURANCE LIMITED, MUMBAI
Accordingly, both the appeals preferred by the Revenue are\ndismissed
ITA 3003/MUM/2024[2021-22]Status: DisposedITAT Mumbai04 Dec 2024AY 2021-22
Section 10Section 10(15)Section 10(34)Section 143(3)Section 144BSection 14ASection 28Section 44
pricing risk assessment and\nmarketing of the products. Their job involves making\nestimates of ultimate out-come of insurable events. In the\nbusiness of insurance the product cost is an abstraction,\ndepending on the timing issues, variability issues and risk\nparameters. One big function actuaries provide is making\nreserves to insure that insurance companies keep enough\nmoney on their balance