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<h1>Individual assessee granted deduction under section 80C for premium paid despite policy belonging to HUF.</h1> The ITAT Amritsar allowed the individual assessee's appeal for the assessment year 1974-75, granting deduction under section 80C of the IT Act for the ... - The ITAT Amritsar allowed the appeal of the individual assessee for the assessment year 1974-75 regarding deduction under section 80C of the IT Act. The tribunal held that the assessee is entitled to deduction for the premium amount actually paid by him, even though the policy belonged to the HUF in earlier years. The appeal was partly allowed.