https://www.taxtmi.com/caselaws?id=398204 The Tribunal held that the maturity amount received from the Keyman Insurance Policy was not exempt under section 10(10D) of the Income Tax Act, 1961. The Tribunal determined that the amount should be taxed under the head "income from other sources" rather than as capital gains, based on the specific provisions of the Act. The appeal was dismissed in favor of taxing the maturity amount as income from other sources. en-us Thu, 03 Sep 2020 00:00:00 +0530 Wed, 09 Sep 2020 10:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398204 The Tribunal held that the maturity amount received from the Keyman Insurance Policy was not exempt under section 10(10D) of the Income Tax Act, 1961. The Tribunal determined that the amount should be taxed under the head "income from other sources" rather than as capital gains, based on the specific provisions of the Act. The appeal was dismissed in favor of taxing the maturity amount as income from other sources. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398204