https://www.taxtmi.com/caselaws?id=199281 Nomination under Section 39 of the Insurance Act does not transfer ownership in policy proceeds; it only authorises payment to the nominee and leaves title with the true owner. The Court also held that where documentary evidence showed the insurance policies belonged to the Math, they formed part of the religious endowment and could not be diverted for the personal benefit of the Mahant's wife by a later nomination or will. Earlier correspondence and tax records were treated as more reliable than the subsequent nomination. The policies were therefore held to belong to the Math, and the nominee had no superior claim to the proceeds. en-us Wed, 23 Jul 1975 00:00:00 +0530 Sat, 24 Feb 2018 14:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199281 Nomination under Section 39 of the Insurance Act does not transfer ownership in policy proceeds; it only authorises payment to the nominee and leaves title with the true owner. The Court also held that where documentary evidence showed the insurance policies belonged to the Math, they formed part of the religious endowment and could not be diverted for the personal benefit of the Mahant's wife by a later nomination or will. Earlier correspondence and tax records were treated as more reliable than the subsequent nomination. The policies were therefore held to belong to the Math, and the nominee had no superior claim to the proceeds. Case-Laws Indian Laws Wed, 23 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199281