https://www.taxtmi.com/caselaws?id=469417 Surrender proceeds from a unit linked insurance plan were not treated as exempt under section 10(10D) because the policy was a non-participating ULIP without life insurance cover. However, taxability in the year under consideration depended on actual receipt, and the record showed the surrender request on 27.03.2014, cheque issuance on 04.04.2014, and credit only in the subsequent financial year. On that factual basis, the addition was deleted for the assessment year in question. en-us Thu, 06 Mar 2025 00:00:00 +0530 Tue, 16 Jun 2026 21:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469417 Surrender proceeds from a unit linked insurance plan were not treated as exempt under section 10(10D) because the policy was a non-participating ULIP without life insurance cover. However, taxability in the year under consideration depended on actual receipt, and the record showed the surrender request on 27.03.2014, cheque issuance on 04.04.2014, and credit only in the subsequent financial year. On that factual basis, the addition was deleted for the assessment year in question. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469417