Receipts from Unit-Linked Insurance Schemes are Capital Gains, Not Income: Apply Indexation Benefits, per Section 10(10D) Ruling.

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....Characterization of receipts - exemption u/s 10(10D) - Amount received on redemption/maturity of unit linked insurance scheme - it can be construed the receipt fell under the head “capital gains” but not under “income from other sources”. We therefore, direct the AO to allow indexation and tax the amount under the head “capital gains”. - AT....