"23 June 1972" Archive

Circular No. 89-Income Tax dated 23-6-1972

Circular No. 89-Income Tax (23/06/1972)

Circular No. 89-Income Tax The Bombay Bench of the Income-tax Appellate Tribunal in their order, dated 29-12-1971 in the case of D.R. Pathak v. ITO held that the "city compensatory allowance" granted to a Government servant is exempt under section 10(14)/16(v). On legal advice received, the Tribunal’s decision has not been accepted by...

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