https://www.taxtmi.com/caselaws?id=68919 The life-insurance rebate under the Agricultural Income-tax Act was interpreted to include a Hindu undivided family where the statutory context and the inclusive definition of "person" supported that reading. The provision, aimed at encouraging thrift, was construed beneficially so as not to create an unwarranted distinction between an individual and an HUF. On that construction, rebate on premium paid for a policy on the life of a wife of an HUF member was admissible, and the reassessment withdrawing the deduction was not sustainable, especially where the revised order continued to describe the assessee in the original status. en-us Thu, 20 Mar 1980 00:00:00 +0530 Sat, 02 Apr 2011 13:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68919 The life-insurance rebate under the Agricultural Income-tax Act was interpreted to include a Hindu undivided family where the statutory context and the inclusive definition of "person" supported that reading. The provision, aimed at encouraging thrift, was construed beneficially so as not to create an unwarranted distinction between an individual and an HUF. On that construction, rebate on premium paid for a policy on the life of a wife of an HUF member was admissible, and the reassessment withdrawing the deduction was not sustainable, especially where the revised order continued to describe the assessee in the original status. Case-Laws Income Tax Thu, 20 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68919