chary of accepting the much too broad
generalisation inherent in the actuarial methods, though they are useful for purposes of cross checking the results arrived ... method to the apparently more
scientific method to the apparently more scientific actuarial basis of valuation is that the exercise, in the last analysis
CBDT dated September 21, 1970 (later withdrawn), the assessee got an actuarial valuation of its total gratuity liability as on March 31, 1970, and March ... basis of the actuarial valuation, it claimed a deduction of a sum of Rs. 3,94,112 as a liability towards gratuity payment
shares, was not accepted. This liability towards gratuity was valued on actuarial valuation basis. The Appellate Assistant Commissioner affirmed the order of the assessing authority ... appeal, the Appellate Tribunal held that the liability towards gratuity valued on actuarial valuation basis should be considered as a liability which would effect share
gratuity
in respect of the year 1977 as a
result of actuarial valuation. Rs. 32,66,475/-
ii) Provision for gratuity for 1976
based ... actuarial valuation made
in the accounts for 1976 disallowed
in assessment year 1977-78 now
claimed (paid over to the MICO
gratuity Trust during
justified in
upholding the order of the lower authorities
disregarding the actuarial certificate prepared by
the actuarial valuer and actuarial calculation
computed based on reliable ... members likely to avail the
benefit are not an input in the actuarial valuation
process. Regarding various judgments cited before
him, he has given categorically
gratuity scheme, by ascertaining its present value on the basis of actuarial valuation, to claim that such liability is an ascertained liability in presenti, though ... been made on a scientific basis in the form of an actuarial valuation. In order to remove uncertainty in the matter, it is proposed
engaged in the business of providing
Quantitative analysis and consultancy services including
actuarial services, analytics, outsourcing, etc.
3. He claimed that he came in contact ... good faith, inducted accused No.1 into the company as the
Chief Actuary and on his further request, was inducted as a
director
reached by applying what may be called the statistical or actuarial test. Figures calculated to represent the expectation of human life at various ages
Hegde And Golay Limited vs State Bank Of India on 19 November, 1985
Equivalent citations
expenses incurred by the company. At the close of each year an actuarial valuation was made, and if the aggregate receipts of the company were
