Monday, May 20, 2019

Insurer couldn’t rely upon exclusionary clauses to repudiate claim when term was not communicated to it

CL : Where conditions of exclusion under policy document were not handed over to insured by insurer and in absence of insured being made aware of terms of exclusion, it was not open to insurer to rely upon exclusionary clauses to repudiate claim of insured.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188314/insurer-couldn’t-rely-upon-exclusionary-clauses-to-repudiate-claim-when-term-was-not-communicated-to-it.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...