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Supreme Court Dismisses Appeal in Life Insurance Claim Repudiation Case Due to Suppression of Material Facts. Non-disclosure of existing life insurance policies at the time of proposal constitutes material suppression, entitling insurer to repudiate claim under Section 45 of the Insurance Act, 1938.

The present appeal arises from an order dated 28.05.2019 of the National Consumer Disputes Redressal Commission, New Delhi, dismissing the appellant's...

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Bombay High Court Dismisses Revenue's Appeal in Service Tax Disallowance Case Under Section 43B of Income Tax Act. Tribunal's deletion of disallowance upheld as service tax liability had not accrued since amount not received from clients.

The present appeal was filed by the Revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal (ITA...

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Bombay High Court Dismisses Revenue's Appeal in Keyman Insurance Premium Deduction Case. Partnership Firm's Premium on Partner's Life Insurance Held Allowable as Business Expenditure Under Section 37(1) of Income Tax Act, 1961.

The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) which had co...