https://www.taxtmi.com/caselaws?id=70475 The Appellate Tribunal ITAT MADRAS-D ruled that annuity policies should be considered assets under the Wealth-tax Act, denying the assessees the exemption under section 5(1)(vi) of the Act. The decision was based on the nature of the policies, the absence of surrender or commutation options, and the specific conditions outlined in the relevant legal provisions. en-us Tue, 13 Nov 2001 00:00:00 +0530 Wed, 19 Jun 2013 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70475 The Appellate Tribunal ITAT MADRAS-D ruled that annuity policies should be considered assets under the Wealth-tax Act, denying the assessees the exemption under section 5(1)(vi) of the Act. The decision was based on the nature of the policies, the absence of surrender or commutation options, and the specific conditions outlined in the relevant legal provisions. Case-Laws Wealth-tax Tue, 13 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70475