Whether surrender value exacted from policy holders on pre-mature exit is a consideration leviable to tax ?
TRT-2025-717
Issue Favourable to Tax Payer ?:- yes
Held - It is common ground that upon an insured ceasing to comply with the obligation to pay the premium at stipulated intervals, the policy is dee.....
TRT-2025-722
Issue Favourable to Tax Payer ?:- yes
Held - Having considered the rival contentions, we are satisfied that surrender charges are permitted to be levied by IRDA, by way of penal charges.....
