https://www.taxtmi.com/caselaws?id=5691 Repayment of an annuity deposit to a deceased depositor's legal representative is not income in the representative's hands unless the statute expressly deems it so. Section 2(24)(viii) covers only annuity due, or commuted value of annuity paid, under section 280D, which is directed to repayment to the original depositor. Payment under the scheme to a legal representative is a return of capital forming part of the estate, not repayment under section 280D. Section 159 also does not apply because it concerns income accrued to the deceased during lifetime. The amount was therefore not taxable as income in the legal representative's hands. en-us Fri, 18 Dec 1998 00:00:00 +0530 Thu, 18 Dec 2025 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5691 Repayment of an annuity deposit to a deceased depositor's legal representative is not income in the representative's hands unless the statute expressly deems it so. Section 2(24)(viii) covers only annuity due, or commuted value of annuity paid, under section 280D, which is directed to repayment to the original depositor. Payment under the scheme to a legal representative is a return of capital forming part of the estate, not repayment under section 280D. Section 159 also does not apply because it concerns income accrued to the deceased during lifetime. The amount was therefore not taxable as income in the legal representative's hands. Case-Laws Income Tax Fri, 18 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5691