https://www.taxtmi.com/caselaws?id=470865 Life-insurance policy surrender or maturity proceeds are taxable under section 10(10D) only where the premium payable in any policy year exceeds 20% of the sum assured. Assessment of such proceeds requires verification of the policy terms and the applicable premium-to-sum-assured ratio. Where the assessment does not establish that the statutory threshold was crossed, the receipt's nature and taxability require fresh factual determination. The assessment was set aside for reconsideration by the Assessing Officer in accordance with law. en-us Thu, 27 Mar 2025 00:00:00 +0530 Tue, 11 Aug 2026 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470865 Life-insurance policy surrender or maturity proceeds are taxable under section 10(10D) only where the premium payable in any policy year exceeds 20% of the sum assured. Assessment of such proceeds requires verification of the policy terms and the applicable premium-to-sum-assured ratio. Where the assessment does not establish that the statutory threshold was crossed, the receipt's nature and taxability require fresh factual determination. The assessment was set aside for reconsideration by the Assessing Officer in accordance with law. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470865