For income tax Purpose Working of actuarial surplus in accordance with rule 2 of First Schedule to insurance Act is valid

IN THE ITAT MUMBAI BENCH ‘F’ ICICI Prudential Insurance Co. Ltd. versus Assistant Commissioner of Income-tax IT APPEAL NOS. 6059, 6854-6856, 7213 & 7765 to 7767 (MUM.) OF 2010 [ASSESSMENT YEARS 2005-06 TO 2008-09] SEPTEMBER 14, 2012 ORDER Per Bench   These appeals are by assessee for the assessment years 2005-06 to 2008-09 and cross appeals by revenue for the respective assessment years. These appeals are on common issues, even though amounts vary from year to year. Therefore, all the appeals were heard together and common order is passed. 2. We have heard th...