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Capacity of Females Hindu to Form A Hindu Undivided Family: SC

June 4, 2022 3540 Views 1 comment Print

Female heirs of a Hindu governed by the Dayabhaga School of Hindu Law dying intestate could not impress upon their inherited property the character of joint family property. The properties inherited from her husband was assessable in the hands of the assessee in the status of individual. It means that female members of a HUF cannot form HUF on the basis of contract among themselves.

Guidelines on Anti Money Laundering & Counter Financing of Terrorism

June 3, 2022 2934 Views 0 comment Print

Learn about the Master Guidelines on Anti Money Laundering & Counter Financing of Terrorism issued by the Authority for insurers in India.

Whether loss of goods sustained by insured, fall within the meaning of ‘burglary’ as stated in insurance policy

May 31, 2022 1866 Views 0 comment Print

In the present case, entry by the culprits was by removal of roof sheet which cannot be done without use of force. Hence, it would be a case of violent entry for committing theft/burglary. It means that removal of roof sheets by culprits is considered as forceful entry into premises and hence comes under definition of theft or burglary based on the circumstances of the case and hence insurance company is liable for payment of claim.

Ambiguous term in insurance contract is to be construed harmoniously by reading contract in its entirety: SC

May 31, 2022 1296 Views 0 comment Print

SC held that denying the appellant’s claim on account of upholding an unfavourable interpretation of an ambiguous term would entail the respondent not performing its duties as a government company.

IDRA modifies definition of Critical Illnesses for Health Insurance Products

May 30, 2022 2817 Views 0 comment Print

IRDA modifies definition of Critical Illnesses for Health Insurance Products. Stay updated with the latest changes in the guidelines.

Adhering Timelines of Award Settlement as Per Rule 17(6) of Insurance Ombudsman Rules, 2017

May 30, 2022 5793 Views 0 comment Print

Learn about adhering to the timelines of award settlement as per Rule 17(6) of Insurance Ombudsman Rules, 2017. Find out why it’s important for insurers to comply with these guidelines.

Important Facts Related to All Risk Insurance Policies

May 30, 2022 2367 Views 0 comment Print

Discover the important facts about all-risk insurance policies and understand the different types of coverage they offer.

You Have Option To Opt Out From Group Inusurance Policy Also

May 27, 2022 3975 Views 1 comment Print

Discover how to opt out from a group insurance policy and secure your health coverage even when changing jobs.

ITR Filing Is Mandatory In Below Mentioned Situations

May 27, 2022 43386 Views 1 comment Print

Discover when ITR filing is mandatory in various situations, such as high expenditure on electricity bill or foreign travel.

Some Significant Cases Related To Deemed Dividends

May 25, 2022 7203 Views 0 comment Print

Understand the tax implications of bonus shares in deemed dividends. Explore the case of PCIT vs. Dr. Ranjan Pai and its impact on shareholders.

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