https://www.taxtmi.com/caselaws?id=67449 The Tribunal dismissed the appeal, ruling that the maturity value of the life insurance policy passes on the death of the deceased. The difference between maturity and surrender values is considered part of the estate under the Estate Duty Act. The Tribunal held that all interests passing on death are chargeable, rejecting arguments that the difference should be taxed separately. Previous court decisions supported the inclusion of amounts received under life insurance policies in the estate. The decision affirmed the findings of the Appellate Controller, emphasizing the legal principles regarding estate valuation. en-us Mon, 10 Dec 1984 00:00:00 +0530 Thu, 10 Mar 2011 16:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67449 The Tribunal dismissed the appeal, ruling that the maturity value of the life insurance policy passes on the death of the deceased. The difference between maturity and surrender values is considered part of the estate under the Estate Duty Act. The Tribunal held that all interests passing on death are chargeable, rejecting arguments that the difference should be taxed separately. Previous court decisions supported the inclusion of amounts received under life insurance policies in the estate. The decision affirmed the findings of the Appellate Controller, emphasizing the legal principles regarding estate valuation. Case-Laws Income Tax Mon, 10 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67449