https://www.taxtmi.com/caselaws?id=791806 Premature surrender proceeds of a pension policy were held not taxable as income from other sources under Section 56 where Section 80CCC(2) governed the statutory treatment of the receipt. The Tribunal noted that the assessee had made pension fund contributions in earlier years and that the Assessing Officer had not examined the matter in the correct legal perspective or properly considered the supporting submissions and documents. On that reasoning, the reassessment-based addition was deleted, and the receipt was treated as not taxable in the manner adopted by the revenue. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791806 Premature surrender proceeds of a pension policy were held not taxable as income from other sources under Section 56 where Section 80CCC(2) governed the statutory treatment of the receipt. The Tribunal noted that the assessee had made pension fund contributions in earlier years and that the Assessing Officer had not examined the matter in the correct legal perspective or properly considered the supporting submissions and documents. On that reasoning, the reassessment-based addition was deleted, and the receipt was treated as not taxable in the manner adopted by the revenue. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791806