footing that the said amount represented its gratuity liability on an actuarial valuation, and the contention of the company was accepted by the Income ... concerned with the assessment year 1973-74. The company obtained an actuarial valuation of its gratuity liability for the accounting year ending March
least in every two years, cause an investigation to be made by actuaries into the financial condition of the life insurance business of the Corporation ... Corporation in respect thereto, and submit the report of the actuaries to the Central Government."
"28. If as a result of any investigation
surplus arrived at by adjusting the surplus or deficit disclosed by the actuarial valuation made for the last intervaluation period ending before the year ... taxation of the surplus arrived at as a result of the actuarial valuations. Sir Jamshedji's contention is that the schedule as its heading
surplus arrived at by adjusting the surplus or deficit discloses by the actuarial valuation made in accordance with the Insurance ... power of the Income-tax Officer to make adjustments to the actuarial surplus under rule 2(1)(b) of the First Schedule of the Income
surplus arrived at by adjusting the surplus or deficit disclosed by the actuarial valuation made for the last inter-valuation period ending before the year ... companies not resident in British India whose profits are periodically ascertained by actuarial valuation shall be computed in the manner laid down in these rules
company is a mutual concern doing the business of life insurance. The actuarial valuation of the company was made at the end of the years ... ground that the assessments under reference are to be made on the actuarial valuation as on December 31, 1945. In the consolidated revenue account
period of three years only and does
not form the method of actuarial valuation made in accordance
with the Insurance Act, 1938 ?
(b) Whether ... revised return of income filed for the assessment year in
question, the actuarial valuation surplus was computed by excluding the
provision for reserve on account
Actuarial charges ... ... ...
1934
'35
'36
'37
for new tables ... ... ...
42
280
757
267
1,346
Legal charges:-
In COnnection with agency agreement ... taken credit for in the revenue account or in the actuarial valuations balance sheet, but is only shown in the balance sheet, should be included
Writ Petition challenges the refusal of Respondent
No.2 [the Institute of Actuaries of India] to issue a Certificate of Practice ... context, challenges the
constitutional validity of Regulation 10 of The Institute of Actuaries of India
(Admission as Member and Issuance of Certificate of Practice) Regulations
statement of the
computation of profits and gains from business shows an
actuarial deficit of Rs.158.37 crores. After excluding a deficit ... surplus arrived at by
adjusting the surplus or deficit disclosed by the actuarial
valuation made in accordance with the Insurance Act,
1938 , in respect
