https://www.taxtmi.com/caselaws?id=182641 The court dismissed the suit as the plaintiffs failed to prove fraudulent intent in the assignment of insurance policies under the Married Women's Property Act, 1874. The assignments were deemed valid, and policies did not revert to the original policyholder's estate upon the beneficiary's death. Section 281 of the Income-tax Act, 1961, was found inapplicable. The plaintiffs were granted a stay on the order and withdrawal of insurance policy amounts deposited in court for eight weeks. en-us Tue, 02 May 2006 00:00:00 +0530 Mon, 16 May 2016 15:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182641 The court dismissed the suit as the plaintiffs failed to prove fraudulent intent in the assignment of insurance policies under the Married Women's Property Act, 1874. The assignments were deemed valid, and policies did not revert to the original policyholder's estate upon the beneficiary's death. Section 281 of the Income-tax Act, 1961, was found inapplicable. The plaintiffs were granted a stay on the order and withdrawal of insurance policy amounts deposited in court for eight weeks. Case-Laws Income Tax Tue, 02 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182641