https://www.taxtmi.com/caselaws?id=179234 The appeal filed by the assessee, a renowned doctor, regarding the taxability of the maturity amount received from a keyman insurance policy was allowed for statistical purposes. The matter was remitted to the Assessing Officer (AO) for fresh consideration with directions to seek clarification from LIC regarding the status of the keyman policy upon assignment. The AO was instructed to decide the issue accordingly, ensuring the assessee is provided with an opportunity to be heard. The Tribunal emphasized adherence to the doctrine of stare decisis in this case. en-us Fri, 04 Jun 2010 00:00:00 +0530 Thu, 29 Dec 2016 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179234 The appeal filed by the assessee, a renowned doctor, regarding the taxability of the maturity amount received from a keyman insurance policy was allowed for statistical purposes. The matter was remitted to the Assessing Officer (AO) for fresh consideration with directions to seek clarification from LIC regarding the status of the keyman policy upon assignment. The AO was instructed to decide the issue accordingly, ensuring the assessee is provided with an opportunity to be heard. The Tribunal emphasized adherence to the doctrine of stare decisis in this case. Case-Laws Income Tax Fri, 04 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179234