https://www.taxtmi.com/caselaws?id=8350 For estate duty purposes, the source of premium payments controlled the treatment of the life insurance policies. Where premiums were paid from coparcenary or Hindu undivided family funds and recorded in the family accounts, the policies were treated as kept up by the family, so nomination of the wife did not by itself make the proceeds part of the deceased's separate estate or the free estate. On that basis, the policy value was not includible in the estate. en-us Tue, 18 Jan 1972 00:00:00 +0530 Fri, 10 Apr 2009 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8350 For estate duty purposes, the source of premium payments controlled the treatment of the life insurance policies. Where premiums were paid from coparcenary or Hindu undivided family funds and recorded in the family accounts, the policies were treated as kept up by the family, so nomination of the wife did not by itself make the proceeds part of the deceased's separate estate or the free estate. On that basis, the policy value was not includible in the estate. Case-Laws Income Tax Tue, 18 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8350