https://www.taxtmi.com/caselaws?id=437011 The Court directed the respondent to unfreeze the petitioner's savings account and disburse the amount of Rs. 10,73,343.51 to the petitioner. The petitioner successfully argued that the funds in the account were proceeds from his life insurance policy and not jointly owned with his wife, the business proprietor. The Court allowed the petitioner to further establish ownership of the funds for consideration within a specified timeframe. en-us Tue, 18 Apr 2023 00:00:00 +0530 Wed, 26 Apr 2023 09:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437011 The Court directed the respondent to unfreeze the petitioner's savings account and disburse the amount of Rs. 10,73,343.51 to the petitioner. The petitioner successfully argued that the funds in the account were proceeds from his life insurance policy and not jointly owned with his wife, the business proprietor. The Court allowed the petitioner to further establish ownership of the funds for consideration within a specified timeframe. Case-Laws Customs Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437011