https://www.taxtmi.com/caselaws?id=341133 The Tribunal held that the surrender value of Rs. 44.78 lakhs from the Keyman Insurance Policy was not taxable in the Assessment Year (AY) 2008-09 as there was no actual receipt of the amount during that year. The appeal was partially allowed, dismissing the grounds related to the legality of the proceedings and the impact of Fringe Benefit Tax (FBT). The order was issued on 24/03/2017. en-us Fri, 24 Mar 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341133 The Tribunal held that the surrender value of Rs. 44.78 lakhs from the Keyman Insurance Policy was not taxable in the Assessment Year (AY) 2008-09 as there was no actual receipt of the amount during that year. The appeal was partially allowed, dismissing the grounds related to the legality of the proceedings and the impact of Fringe Benefit Tax (FBT). The order was issued on 24/03/2017. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341133