than sec. 44.
6) The CIT (A) erred in holding that the actuarial
surplus determined for the purpose of the Insurance
Act must ... average
surplus' arrived by adjusting the surplus disclosed in the
actuarial valuation made with regard to the Insurance Act, 1938
in respect of inter
order of Ld.
CIT(A) holding that surplus disclosed in the actuarial report in
form 1 can be charged by way of adjustment whereas ... only be considered as 'legislation
by incorporation'.
27. 'actuarial valuation made in accordance with the Insurance Act, 1938 ' do
mean that
The Deputy Commissioner Of Income Tax, ... vs M/S. Numaligarh Refinery Ltd., ... on 13 September
Revenue is against the order of
CIT(A) allowing adjustment from the actuarial valuation relying on the
decision of ITAT in the case of ICICI ... accordingly
allowing adjustment from the 'surplus' worked as per
"actuarial valuation" [and as shown by the assessee in
Form
Departments of Studies (i) Department of Mathematics (ii) Department of Statistics & Actuarial Science (iii) Department of Computer Science & Informatics (iv) Department of Library
means the Regional Rural Banks Act, 1976 (21 of 1976); (b) "actuary" shall have the meaning assigned to it in clause (1) of section
means the Regional Rural Banks Act, 1976 ( 21 of 1976 ); (b) "actuary" shall have the meaning assigned to it in clause (1) of section
maturity. (e) The classification of products shall be as per the IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016, as applicable
employer shall confirm that such funding is required as per the Actuary's certificate based on extant accounting standard governing the measurement of long term ... products shall not allow any top-ups, unless required as per the actuary's certificate in accordance with the extant accounting norms, to address
consist of the following, namely: - (a) contribution by the Bank based on actuarial assessment of initial gap between assets and liabilities of the Fund
