https://www.taxtmi.com/caselaws?id=24202 The article concerns an income-tax reference on whether insurance proceeds under policies effected by a karta formed part of the HUF or vested in the karta's nominated widow. It also notes the related issues of whether the policies were taken exclusively for the widow's benefit to the exclusion of other HUF members, whether the karta's civil suit for the policy money was collusive with his mother, and whether the civil decree bound the tax authorities as res judicata. The Tribunal was directed to draw up a statement of case and refer these four questions of law to the High Court for determination. en-us Mon, 22 Aug 1988 00:00:00 +0530 Mon, 18 Jan 2010 15:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24202 The article concerns an income-tax reference on whether insurance proceeds under policies effected by a karta formed part of the HUF or vested in the karta's nominated widow. It also notes the related issues of whether the policies were taken exclusively for the widow's benefit to the exclusion of other HUF members, whether the karta's civil suit for the policy money was collusive with his mother, and whether the civil decree bound the tax authorities as res judicata. The Tribunal was directed to draw up a statement of case and refer these four questions of law to the High Court for determination. Case-Laws Income Tax Mon, 22 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24202