Relief u/s 80CCC(1) not claimed so policy surrender value not taxable u/s 80CCC(2)

Piyush Ambalal Gandhi Vs DCIT (Gujarat High Court) Gujarat High Court held that amount invested in the pension policy is not claimed as relief under section 80CCC(1) and hence policy surrender value thereon is not taxabie under section 80CCC(2) of the Income Tax Act. Facts- The assessment of the petitioner is reopened with a reason that the petitioner has received gain of Rs. 1129740/- on account of receipt of surrender value of policy upon premature redemption of pension policy of Bajaj Alliance which was required to be offered to taxation u/s 80CCC(2) however, the same was not offered to tax...