https://www.taxtmi.com/caselaws?id=428544 The Tribunal partly allowed the appeal, remitting the case to the AO for fresh consideration. The AO was directed to tax only the net amount from the maturity proceeds of the life insurance policy after verifying no deduction under section 80C was claimed. The Tribunal emphasized aligning income computation with the Act, not solely based on Form 26AS. en-us Thu, 18 Aug 2022 00:00:00 +0530 Tue, 04 Oct 2022 08:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428544 The Tribunal partly allowed the appeal, remitting the case to the AO for fresh consideration. The AO was directed to tax only the net amount from the maturity proceeds of the life insurance policy after verifying no deduction under section 80C was claimed. The Tribunal emphasized aligning income computation with the Act, not solely based on Form 26AS. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428544