Prior to 1-4-2013 MAT Provision not applicable to insurance companies

IN THE ITAT MUMBAI BENCH ‘I’ ICICI Lombard General Insurance Co. Ltd. Versus Assistant Commissioner of Income-tax IT APPEAL NO. 2398 (MUM.) OF 2009 [ASSESSMENT YEAR 2003-04] OCTOBER 10, 2012 ORDER Vijay Pal Rao, Judicial Member – This appeal by the assessee is directed against the order dated 12.1.2009 of the Commissioner of Income Tax (Appeals) for the Assessment Year 2003-04. 2. The only ground raised by the assessee in this appeal is as under: “On the facts and circumstances of the case and the law, the Commissioner of Income Tax (Appeals) erred in c...