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Bombay High Court Dismisses Petition Challenging IRDA's Rejection of Insurance Broker License Transfer. Transfer of Corporate Agency License Requires Prior Approval Under Insurance Act, 1938 and IRDA Regulations.

The petitioners, including Wills India Insurance Brokers Pvt. Ltd. and others, filed a writ petition under Article 226 of the Constitution of India ch...

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Madras High Court Dismisses Revenue's Appeals in Insurance Company Tax Case — Upholds ITAT Order on Disallowance of Claims and Deductions. The court held that the assessee's method of accounting for outstanding claims and the deduction under Section 80M were correctly allowed by the Tribunal.

The case involves a batch of appeals filed by the Principal Commissioner of Income Tax, Chennai, under Section 260A of the Income Tax Act, 1961, again...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Penalty Case. Journal Entry Set-off for Loan Repayment Does Not Violate Section 269T of Income Tax Act, 1961, as It Is Not a Repayment but an Adjustment of Mutual Claims.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which deleted the penalty ...

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Bombay High Court Allows Claim Under Shetkari Janta Apghat Vima Yojna Despite Lack of Valid Driving Licence and Presence of Alcohol. Insurance Company Cannot Deny Coverage Under Government Scheme for Farmers Unless Policy Expressly Excludes Such Conditions.

The petitioner, Latabai wd/o. Raosaheb Deshmukh, filed a writ petition challenging the communication dated 10.3.2015 of respondent No. 4 Insurance Com...

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Bombay High Court Hears Writ Petition Challenging Income Tax Reopening Notice Under Section 148. Petition Challenges Validity of Reopening Notice, Order Under Section 148A(d), and CBDT Instruction No.1 of 2022 Following Supreme Court's Ashish Agarwal Decision.

The petitioner, a Public Sector Undertaking engaged in general insurance, challenged the reopening of its assessment for Assessment Year 2013-14. For ...

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Bombay High Court Dismisses Husband's Challenge to Interim Maintenance Order — Income Tax Returns Not Conclusive for Maintenance. Court Holds That Net Taxable Income Is Not the Sole Basis for Determining Maintenance Under Matrimonial Law.

The petitioner husband challenged the Family Court's order granting interim maintenance of Rs.20,000 to his wife and Rs.10,000 each to their two sons....