https://www.taxtmi.com/caselaws?id=70088 The Tribunal determined that the widow of the deceased could be considered an 'executrix' by implication. It ruled that the right to receive life insurance amounts should not be included in the assessee's wealth but separately taxable under section 19A. The valuation of the right to receive the amounts was fixed at 30% of the total figure due to uncertainties surrounding the payment. As a result, the revenue's appeals were dismissed, and the amount in question was directed to be excluded from the assessments. en-us Thu, 15 Oct 1987 00:00:00 +0530 Thu, 14 Apr 2011 12:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70088 The Tribunal determined that the widow of the deceased could be considered an 'executrix' by implication. It ruled that the right to receive life insurance amounts should not be included in the assessee's wealth but separately taxable under section 19A. The valuation of the right to receive the amounts was fixed at 30% of the total figure due to uncertainties surrounding the payment. As a result, the revenue's appeals were dismissed, and the amount in question was directed to be excluded from the assessments. Case-Laws Wealth-tax Thu, 15 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70088