1925/ per annum.
in the course of the assessment for the assessment year 1960 61 the assessee claimed rebate on the insurance premium of rs.
appeal from the judgment and order dated september 9 1963 of the gujarat high companyrt in income tax reference number 20 of 1962.
at the instance of the assessee the appellate tribunal stated a case to the high companyrt on the following question of law whether rebate under s. 15 1 of the income tax act 1922 is admissible on the premia payable as per annexure a during the minumberity of the assessee?
the judgment of the companyrt was delivered by ramaswami j. this appeal is brought by certificate from the judgment of the high companyrt of gujarat dated september 9 1963 in income tax reference number 20 of 1962.
that amount was paid as premium out of the taxable income of the assessee.
the assessee took the matter in further appeal before the appellate tribunal but the appeal was dismissed.
civil appellate jurisdiction civil appeal number 684 of 1965.
1925/ under the provisions of s. 15 1 of the income tax act 1922 hereinafter called the act .
the income tax officer rejected the claim on the ground that under the said policy the life of the minumber assessee had number been assured.
m17supci/66 13 t. desai gopal singh and r. n. sachthey for the respondent.
the appellate assistant companymissioner agreed with the income tax officer and held that the claim of the assessee was rightly rejected.
the premium payable in respect of the policy was rs.
on june 23 1959 a policy called childrens deferred endowment assurance for a sum of rs.
the proposer was harjivandas kotecha the father of the appellant hereinafter called the assessee and the life assured was that of the assessee.
n. shroff for the appellant.
50000/ was issued by the life insurance companyporation of india.
