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NRI’s Dubai life insurance payout triggered ₹40 lakh tax dispute, why ITAT ruled in his favour

18 Aug 2026 · 18 Aug 2026

An NRI who bought a life insurance policy in Dubai while working there won a ₹40 lakh tax dispute after the ITAT ruled that the policy was not an undisclosed foreign asset. 

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NRI’s Dubai life insurance payout triggered ₹40 lakh tax dispute, why ITAT ruled in his favour

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