https://www.taxtmi.com/caselaws?id=65421 The Tribunal remanded the case to the Assessing Officer for clarification on the tax treatment of the keyman insurance policy's maturity value post-assignment. The contradictory information from LIC led to the Tribunal directing a fresh decision based on the policy's terms and conditions, excluding the impact of loans and interest on the maturity value. The appeal was treated as allowed for statistical purposes, awaiting the AO's revised determination. en-us Tue, 31 Mar 2009 00:00:00 +0530 Tue, 31 Jul 2012 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65421 The Tribunal remanded the case to the Assessing Officer for clarification on the tax treatment of the keyman insurance policy's maturity value post-assignment. The contradictory information from LIC led to the Tribunal directing a fresh decision based on the policy's terms and conditions, excluding the impact of loans and interest on the maturity value. The appeal was treated as allowed for statistical purposes, awaiting the AO's revised determination. Case-Laws Income Tax Tue, 31 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65421