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1984 (8) TMI 72 - HC - Income TaxExtract: .......to claim the amount payable under the policy. It could be claimed only by the assessee. It was indeed for the benefit of the assessee. From a plain reading of the insurance policy, we do not think that the premia paid under the policy could be treated as a perquisite. In the result, we answer the question in the affirmative and against the Revenue.
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