Monday, 29 September 2014

A policy can’t be held as ‘Keyman Insurance Policy’ unless it is a pure life insurance policy on lif

IT : Where assessee purchased Insurance Policies, in view of fact that only a fraction of total premium was meant for risk premium and balance was for deployment of purchase of units i.e. investment in units, policies in question could not be regarded as 'Keyman Insurance Policies'


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