https://www.taxtmi.com/caselaws?id=35744 The statutory fiction taxing refund of annuity deposit principal applies only when the depositor who made the deposit receives the refund. Where the refund is paid after the depositor's death to a legal representative or heir, the principal component is not treated as income in that heir's hands for assessment. The interest component was not in dispute. On that basis, the principal portion of the annuity deposit refund was held not assessable in the assessee's hands. en-us Wed, 01 Jul 1981 00:00:00 +0530 Tue, 16 Mar 2010 13:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35744 The statutory fiction taxing refund of annuity deposit principal applies only when the depositor who made the deposit receives the refund. Where the refund is paid after the depositor's death to a legal representative or heir, the principal component is not treated as income in that heir's hands for assessment. The interest component was not in dispute. On that basis, the principal portion of the annuity deposit refund was held not assessable in the assessee's hands. Case-Laws Income Tax Wed, 01 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35744