MR RUDER MANI WALIA,JALANDHAR vs. INCOME TAX OFFICER WARD-2 (3), JALANDHAR
In the result, the appeal of the assessee bearing ITA No
ITA 257/ASR/2022[2017-18]Status: DisposedITAT Amritsar17 Jul 2023AY 2017-18
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.257/Asr/2022 Assessment Year: 2017-18
Section 10Section 143(1)Section 194DSection 2(14)Section 2(47)Section 250oSection 48
gains is that of the LIC maturity proceeds only.
6.2) Tax treatment of “any sum received under a Life Insurance Policy”:
It is important to note that section 10(10D) and section 194DA deals with “any sum received under a Life Insurance Policy” and “Payment in respect of Life Insurance Policy” respectively.
Incomes not included in total income
