After assignment of the policy in favour of the assessee, it ...
Case Laws Income Tax
January 6, 2014
After assignment of the policy in favour of the assessee, it changes its character from that of a Keyman Insurance Policy to that of an ordinary policy and that once it has become an ordinary policy, the proceeds received thereunder would not be subject to tax in view of Section 10(10D) - AT
View Source
9911796707
