https://www.taxtmi.com/caselaws?id=57100 Deduction under section 80C(2)(a) depends on who actually pays the life insurance premium out of taxable income, not on ownership of the policy. For an individual, premiums paid by him on his own life, or on the life of his wife or child, qualify; for an HUF, the premium must relate to a policy on a family member's life. Where the assessee confined the claim to the premium actually paid by him and that payment was undisputed, the deduction was allowable to that extent and the corresponding disallowance was incorrect. en-us Mon, 14 Nov 1977 00:00:00 +0530 Wed, 08 Dec 2010 14:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57100 Deduction under section 80C(2)(a) depends on who actually pays the life insurance premium out of taxable income, not on ownership of the policy. For an individual, premiums paid by him on his own life, or on the life of his wife or child, qualify; for an HUF, the premium must relate to a policy on a family member's life. Where the assessee confined the claim to the premium actually paid by him and that payment was undisputed, the deduction was allowable to that extent and the corresponding disallowance was incorrect. Case-Laws Income Tax Mon, 14 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57100