[aaykarbhavan] A policy can’t be held as ‘Keyman Insurance Policy’ unless it is a pure life insurance policy on life of employee

A policy can't be held as 'Keyman Insurance Policy' unless it is a pure life insurance policy on life of employee

September 29, 2014[2014] 49 taxmann.com 180 (Amritsar - Trib.)

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'

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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