https://www.taxtmi.com/caselaws?id=791101 Where a life insurance policy falls within section 10(10D) and the premium payable exceeds the statutory 20% threshold of the actual sum assured, the maturity proceeds are taxable as gross income in the hands of the insured. The provision does not permit reduction of the taxable maturity receipt by deducting the insurance premium, and the premium is not treated as expenditure incurred wholly and exclusively to earn the proceeds. The note therefore states that the full maturity amount is chargeable to tax without any set-off for the premium paid. en-us Wed, 15 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791101 Where a life insurance policy falls within section 10(10D) and the premium payable exceeds the statutory 20% threshold of the actual sum assured, the maturity proceeds are taxable as gross income in the hands of the insured. The provision does not permit reduction of the taxable maturity receipt by deducting the insurance premium, and the premium is not treated as expenditure incurred wholly and exclusively to earn the proceeds. The note therefore states that the full maturity amount is chargeable to tax without any set-off for the premium paid. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791101