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2 results for “reassessment u/s 147”+ Section 80Cclear

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Key Topics

Section 26312

GURVINDER KAUR BHATIA ,INDORE vs. PR. CIT-2, INDORE

In the result, both the appeals of the assessee(s) in ITANo

ITA 151/IND/2019[2015-16]Status: DisposedITAT Indore18 Dec 2019AY 2015-16

Bench: Shri Kul Bharat & Shri Manish Boradassessment Years: 2015-16

Section 263

80C of the Act was claimed by the assessee. He submitted that the proceeds on the prematurity of the Policy are exempt in view of various judgments wherein it is held that Keyman Insurance Policies subsequent to their assignment in favor of Keyman or other person is converted into a simple Life insurance policy and the proceeds on it maturity

HARLEEN KAUR BHATIA,INDORE vs. PR. CIT-2, INDORE

In the result, both the appeals of the assessee(s) in ITANo

ITA 150/IND/2019[2015-16]Status: DisposedITAT Indore18 Dec 2019AY 2015-16

Bench: Shri Kul Bharat & Shri Manish Boradassessment Years: 2015-16

Section 263

80C of the Act was claimed by the assessee. He submitted that the proceeds on the prematurity of the Policy are exempt in view of various judgments wherein it is held that Keyman Insurance Policies subsequent to their assignment in favor of Keyman or other person is converted into a simple Life insurance policy and the proceeds on it maturity