https://www.taxtmi.com/caselaws?id=70725 The Tribunal upheld the decision that amounts payable under different insurance policies taken under the Married Women's Property Act should be treated as separate estates without aggregation. The deceased's lack of interest in the policies led to each amount being considered a separate estate, in accordance with section 34(3). The Tribunal emphasized that the language of the section precluded aggregation, supporting a view favorable to the accountable person. The appeal filed by the department was dismissed, affirming the separate treatment of amounts payable under each policy. en-us Thu, 23 Aug 1984 00:00:00 +0530 Mon, 18 Apr 2011 17:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70725 The Tribunal upheld the decision that amounts payable under different insurance policies taken under the Married Women's Property Act should be treated as separate estates without aggregation. The deceased's lack of interest in the policies led to each amount being considered a separate estate, in accordance with section 34(3). The Tribunal emphasized that the language of the section precluded aggregation, supporting a view favorable to the accountable person. The appeal filed by the department was dismissed, affirming the separate treatment of amounts payable under each policy. Case-Laws Income Tax Thu, 23 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70725