https://www.taxtmi.com/caselaws?id=186308 Section 10(10D) exempts any sum received under a life insurance policy, and that exemption is confined only by the specific statutory exceptions in the provision. The absence of the word "insurer" in section 10(10D) meant the benefit could not be limited to policies issued by an Indian insurer, and the definition in section 2(28BB) was held irrelevant for narrowing the exemption. Accordingly, maturity proceeds under a life insurance policy issued by a foreign insurance company were exempt and not taxable in the assessee's hands. 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 Section 10(10D) exempts any sum received under a life insurance policy, and that exemption is confined only by the specific statutory exceptions in the provision. The absence of the word "insurer" in section 10(10D) meant the benefit could not be limited to policies issued by an Indian insurer, and the definition in section 2(28BB) was held irrelevant for narrowing the exemption. Accordingly, maturity proceeds under a life insurance policy issued by a foreign insurance company were exempt and not taxable in the assessee's hands. Case-Laws Income Tax Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186308