https://www.taxtmi.com/caselaws?id=186308 The tribunal allowed the appeal filed by the assessee, setting aside the orders of the lower authorities regarding the taxation of the maturity value of the Life Insurance Policy. The tribunal held that the assessee is entitled to deduction u/s 10(10D) for the sum received under the Life Insurance Policy from American Life Insurance Company, as the provision does not restrict the exemption to Indian insurance companies. en-us Mon, 12 Mar 2012 00:00:00 +0530 Tue, 06 Feb 2018 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186308 The tribunal allowed the appeal filed by the assessee, setting aside the orders of the lower authorities regarding the taxation of the maturity value of the Life Insurance Policy. The tribunal held that the assessee is entitled to deduction u/s 10(10D) for the sum received under the Life Insurance Policy from American Life Insurance Company, as the provision does not restrict the exemption to Indian insurance companies. Case-Laws Income Tax Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186308