https://www.taxtmi.com/caselaws?id=758416 The SC rejected a petition seeking retrospective application of amendments to Section 80DD regarding deduction for maintenance of disabled dependents. The petitioner sought to apply 2014 amendments to pre-2014 Jeevan Adhar policies allowing discontinuation at age 60. The SC held that retrospective application would defeat the policy's objective of providing post-demise benefits to disabled persons and would be against their interests. The Court noted that insurance contracts are commercial agreements with fixed terms, and subscribers had already availed Section 80DD benefits under original terms. The amendment's prospective application was deemed sufficient to address grievances. en-us Tue, 20 Aug 2024 00:00:00 +0530 Wed, 09 Jul 2025 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758416 The SC rejected a petition seeking retrospective application of amendments to Section 80DD regarding deduction for maintenance of disabled dependents. The petitioner sought to apply 2014 amendments to pre-2014 Jeevan Adhar policies allowing discontinuation at age 60. The SC held that retrospective application would defeat the policy's objective of providing post-demise benefits to disabled persons and would be against their interests. The Court noted that insurance contracts are commercial agreements with fixed terms, and subscribers had already availed Section 80DD benefits under original terms. The amendment's prospective application was deemed sufficient to address grievances. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758416