https://www.taxtmi.com/caselaws?id=441297 The Tribunal allowed the appeal, holding that the ULIP policy should be treated as a 'capital asset' under section 2(14) of the Income Tax Act. The accretion on surrender of the policy was directed to be taxed under 'income from capital gains,' providing relief to the assessee on this issue. en-us Tue, 30 May 2023 00:00:00 +0530 Sat, 05 Aug 2023 08:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441297 The Tribunal allowed the appeal, holding that the ULIP policy should be treated as a 'capital asset' under section 2(14) of the Income Tax Act. The accretion on surrender of the policy was directed to be taxed under 'income from capital gains,' providing relief to the assessee on this issue. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441297