2025 (7) TMI 2000

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....l, Advocate For the Revenue : Shri Paresh Deshpande, Sr. DR ORDER PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This is a miscellaneous application moved by assessee against the Appellate Order pronounced on 30.10.2024, in ITA No. 1816/M/2023 for A.Y. 2017-18, filed by assessee. 2. This impugned miscellaneous application filed by the assessee pertains to ground no.8 relating to claim of de....

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....nsideration and therefore for the purpose of completeness, without changing the conclusion so drawn, assessee by way of this miscellaneous application sought an insertion to clarify the conclusion so drawn. 2.1. For this purpose, the fact is that reversal of reserve for unexpired risk (UEPR) for an amount of Rs. 2,89,63,479/- in the books of accounts for the year under consideration was made ou....

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....at when Rule 6E was inserted in the statute, the insurance policies were only for a period of one year and, therefore, the reversal of the provision for UEPR would always be in the immediately next year and, accordingly, the same was provided in the rules. However, with the development in the insurance business and change in regulation, now insurance policies are permitted to cover span more than ....