Actuarial - Judgment Search Results

Dr. R. Kannan Vs. Union of India and Anr.

Court: Delhi

..... act talks of appointment of the whole time members including a whole time member of actuarial science the remunerations which are payable under the act are subject to statutory provisions inasmuch ..... be invoked to enforce an illegality once there is no provision for payment of monetary actuarial allowance in terms of the relevant applicable statutory provisions merely because in the past wrongly .....

Houldsworth and Another (Respondents) Vs. Bridge Trustees Limited and ...

Court: UK Supreme Court

..... by both member and employer in respect of that member s prospective benefits ldquo with actuarially determined formulae under which the amount of pension earned by any member was provisionally ..... was essentially a defined benefit scheme although that feature was embodied or concealed in the actuarial formulae which provided the building blocks of the eventual pension second kpmg contained no teaching .....

Florida Vs. Long

Court: US Supreme Court

..... increases benefits that were meant to be fixed on the basis of contribution levels and actuarial assumptions applicable when the retirement occurred and funding provisions were made thereby undermining the ..... necessarily preclude pension system that offers employees equal benefit plans as well as optional actuarially sound plans with unequal benefits based on sex based tables with spirt v teachers .....

Tata Iron and Steel Co. Ltd. Vs. D.V. Bapat, Income-tax Officer, Compa ...

Court: Mumbai

Reported in: [1975]101ITR292(Bom)

..... the income tax officer in disallowing the company s claim for deduction of the actuarially evaluated gratuity liability is without jurisdiction patently illegal and contrary to the clear provisions ..... according to the allahabad high court the liability for payment of gratuity ascertained on actuarial calculations in which all contingencies are taken into consideration is a liability in present .....

Concrete Pipe and Products of Cal., Inc. Vs. Construction Laborers Pen ...

Court: US Supreme Court

..... the absence of regulations promulgated by the pbgc the actuary must employ actuarial assumptions and methods which in the aggregate are reasonable ..... a plan sponsor was found to have replaced an actuary s actuarial methods or assumptions with different ones of its own ..... of historical fact but about the aggregate reasonableness of the actuary s assumptions and methods in calculating the dollar liability .....

Commissioner of Income-tax, West Bengal Vs. General Family Pension Fun ...

Court: Kolkata

Reported in: AIR1953Cal299,[1952]21ITR497(Cal)

..... the income tax officer was justified in adopting and adjusting the estimated profits under the actuarial valuation instead of himself making calculations from receipts and disbursements i hope i shall ..... mortality among the insured and therefore anything like profits can be ascertained only by intricate actuarial calculations of the present value of the permia receivable under the policies and that .....

Commissioner of Income-tax, Bengal Vs. Himalaya Assurance Co. Ltd.

Court: Privy Council

..... of life assurance companies incorporated in british india whose profits are periodically ascertained by actuarial valuation the income profits and gains of the life assurance business shall be the ..... profits periodically ascertained in this way can be accurately described as being ascertained by actuarial investigation and none the less because they are ascertained by an investigation made partly .....

Western Electricity Supply Company of Orissa Ltd. (Wesco) and Others V ...

Court: Appellate Tribunal for Electricity APTEL Appellate Jurisdiction

..... 3rd control period have now engaged an independent actuary to undertake actuarial valuation of four discoms and optcl of orissa ..... the present appeals i distribution losses ii employees cost actuarial valuation for terminal benefits iii administration and general aandg ..... reproduced below oelig 232 commission have been appointing independent actuary to undertake assessment of pension gratuity and leave .....

Salem Provident Fund Society Ltd. Vs. Commissioner of Income-tax, Madr ...

Court: Chennai

Reported in: [1961]42ITR547(Mad)

..... were completed for the relevant assessment years 1942 43 to 1945 46 that the subsequent actuarial valuation for the same period included in the inter valuation period 1941 to 1945 revealed ..... themselves what should have been subtracted was added to ascertain the deficiency disclosed by the actuarial reports it should be remembered that the income tax officer first contemplated recourse to section .....

General Family Pension Fund Vs. Commissioner of Income-tax, Bengal.

Court: Kolkata

Reported in: [1946]14ITR488(Cal)

..... case of life assurance companies incorporated in british india whose profits are periodically ascertained by actuarial valuation the income profits and gains of the life assurance business shall be the ..... their progressive financial position it is the common practice of insurance companies to have actuarial valuation reports made on the business of the company at regular periods commonly at .....