operational expenditure. For instance the parent had taken a combined group insurance policy and though the assessee had paid for it, it was more economical
Services Ltd., UK takes
a global insurance policy to cover the risk of employees of the group
being held liable for negligence in the discharge ... facility to its
group (including the appellant company) enabling the employees in
group use the internet and avail global information. The insurance
premium and costs
purpose of incurring the expenditure was to take a global risk insurance policy at the best
possible terms,that expenditure incurred by the assessee could ... risk structure of
D.B.Group,it was decided by the management to take insurance policy effective from 01.04.
1998 to cover the operational risk
leverage Damco Group
synergies. Assessee coordinates and gets best deal for the group.
f) Services to Damco India Pvt. Ltd obtaining insurance policy
compromise shareholder services.
iv) Humanresource services regarding group policy.
v) Legal consultant services.
vi) Insurance services.
vii) Development, control and maintenance of management information systems
also found that most of the investments of the assessee are in group
4
ITA No.2103/Mum/2016
Fortune Financial Services (India) Ltd.,
concerns ... made in group concerns. We direct accordingly.
15. With regard to the premium of Rs.1,32,832/- paid on medical
insurance policy of Managing
marking norms and project management systems.
• Advising on group corporate governance
• Advising the company on personnel policy
19 ITA Nos.6061 & 6062/M/2016 ... risk and insurance management
• Co-ordinating with insurance companies and negotiate rate(s),
premia with various insurance companies and assisting in following up
of claims
merge
the insurance business of annuity plan and pension plan and also
presumed that assessee's line of business of annuity and pension ... insurance
company. Since assessee's line of business are only with life
cover and other benefits are extended benefits allowed to the
policy holders
possesses brand value being a
subsidiary of TATA group which will tend to influence
the pricing policy and thereby directly impacting the
margins earned ... possesses brand value being a
subsidiary of TATA group which will tend to influence
the pricing policy and thereby directly impacting the
margins earned
expertise is made
available to other group companies on the basis of the
requirements. As per the group policy such services are
recovered ... supplied by the AE's actual cost like taxes, duties,
freights, insurance etc. As per the terms of contract with
the customer such designing