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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Keyman Insurance policy - assignment in favour of the appellant ...


Keyman Insurance Assignment: Surrender Value Cannot Be Taxed Without Actual Receipt During the Year of Assignment.

April 3, 2017

Case Laws     Income Tax     AT

Keyman Insurance policy - assignment in favour of the appellant - even though the assignment has happened during the year, surrender value as computed as on the date of assignment cannot be brought to tax in absence of actual receipt of the surrender value during the year under consideration - AT

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