Rs 50 lakh insurance purchase with Rs 4.8 Lakh income triggers tax trouble: ITAT rejects HUF funding claim; here's why
Published on: March 13, 2026, 10:23 a.m. | Source: The Economic Times
Rs 50 lakh insurer policy disproportionate to Rs 4.8 Lakh income declared in ITR: ITAT Chandigarh rejects her HUF funding claim and treats this insurance investment as unexplained investment under Section 69
