RANGAYYAN MANIKANDAN,PALAKKAD vs. THE ITO WARD -1 , PALAKKAD
In the result, the appeal filed by the assessee is partly allowed and the stay
ITA 1003/COCH/2022[2008-09]Status: DisposedITAT Cochin10 May 2024AY 2008-09
Bench: Shri Sanjay Arora, Am & Ms. Kavitha Rajagopal, Jm & Stay Application No. 87/Coch/2022 (Arising Out Of Ita No.1003/Coch/2022) (Assessment Year: 2008-09) M/S. Rangayyan Manikandan Income Tax Officer, 30/617, Neikkara Street, Ward-1, Palakkad, Vs. Neikkara, Palakkad-678 012 Kerala Kerala Pan/Gir No. Adwpm 1554 E (Assessee) : (Respondent) Assessee By : Shri Sivadas Chettoor, Ca : Smt. Jamuna Devi, Sr. Dr Respondent By Date Of Hearing : 12.02.2024 Date Of Pronouncement : 10.05.2024
For Appellant: Shri Sivadas Chettoor, CA
Section 143(1)Section 143(3)Section 147Section 148Section 250
Rs.1 lakh effected through him were in full force on the date immediately prior to his death.
10. Though it is observed that section 44(2) of The Insurance Act, 1938 states that
only the legal heirs are entitled to receive any commission payable to an insurance agent,
which provision ... above, it is evident that in case of hereditary commission, it is the
Regulation which governs the criteria and not as per section 44(2) of The Insurance Act,
1938 which restricts only the legal heir to be entitled to receive the commission. Section
44(2) is reproduced hereunder
