https://www.taxtmi.com/caselaws?id=16375 Nomination of a life insurance policy did not by itself divest Hindu undivided family ownership where premiums were paid from joint family funds, so the policy could remain HUF property for estate duty purposes. Where an assigned policy was later maintained by the deceased through premium payments, proportionate inclusion was justified to the extent of that contribution. Aggregation of the lineal descendants' share with the deceased's interest in joint family property was permissible. Policies assigned to relatives required reconsideration on the correct test of intention, benefit, and detriment to the joint family, and the reach of the relevant estate duty provisions could not be confined narrowly to HUF property existing only at death. en-us Wed, 24 Dec 1997 00:00:00 +0530 Mon, 07 Sep 2009 13:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16375 Nomination of a life insurance policy did not by itself divest Hindu undivided family ownership where premiums were paid from joint family funds, so the policy could remain HUF property for estate duty purposes. Where an assigned policy was later maintained by the deceased through premium payments, proportionate inclusion was justified to the extent of that contribution. Aggregation of the lineal descendants' share with the deceased's interest in joint family property was permissible. Policies assigned to relatives required reconsideration on the correct test of intention, benefit, and detriment to the joint family, and the reach of the relevant estate duty provisions could not be confined narrowly to HUF property existing only at death. Case-Laws Income Tax Wed, 24 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16375