Section 10(10D) Tax Exemption for Employee on Insurance Policy Assignment by Employer

Mihir Parikh Vs ACIT (ITAT Delhi)

In the case of Mihir Parikh vs ACIT (ITAT Delhi), the dispute revolves around the tax treatment of proceeds from a life insurance policy. The parties involved are the assessee, Mihir Parikh, and the revenue authority, ACIT. The legal issue at hand is the applicability of Section 10(10D) tax exemption for an insurance policy assignment by the employer.

Background: The relevant facts are that Mihir Parikh filed his income tax return for AY 2016-17, declaring total inco

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