https://www.taxtmi.com/highlights?id=16670 After assignment of the policy in favour of the assessee, it changes its character from that of a Keyman Insurance Policy to that of an ordinary policy and that once it has become an ordinary policy, the proceeds received thereunder would not be subject to tax in view of Section 10(10D) - AT en-us Mon, 06 Jan 2014 08:54:34 +0530 Mon, 06 Jan 2014 08:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=16670 After assignment of the policy in favour of the assessee, it changes its character from that of a Keyman Insurance Policy to that of an ordinary policy and that once it has become an ordinary policy, the proceeds received thereunder would not be subject to tax in view of Section 10(10D) - AT Highlights Income Tax Mon, 06 Jan 2014 08:54:34 +0530 https://www.taxtmi.com/highlights?id=16670