https://www.taxtmi.com/caselaws?id=18356 Delhi HC considered whether refund of annuity deposit received by the executor of a deceased depositor's estate was taxable in the executor's hands under the Income-tax Act, 1961. The Court followed its earlier binding decision in the assessee's own case and held that the refund constituted income assessable in the executor's hands. It declined to refer the matter to a larger Bench, noting that the issue had already been concluded for an earlier assessment year and that the relevant statutory provision had since been omitted. The question was answered in favour of the Revenue and against the assessee. en-us Tue, 21 May 1996 00:00:00 +0530 Wed, 30 Sep 2009 13:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18356 Delhi HC considered whether refund of annuity deposit received by the executor of a deceased depositor's estate was taxable in the executor's hands under the Income-tax Act, 1961. The Court followed its earlier binding decision in the assessee's own case and held that the refund constituted income assessable in the executor's hands. It declined to refer the matter to a larger Bench, noting that the issue had already been concluded for an earlier assessment year and that the relevant statutory provision had since been omitted. The question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Tue, 21 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18356