2002 (7) TMI 97 - HC - Income Tax

Summary

The High Court of Madras ruled that the pension received by a widow of a United Nations ex-official from the UN Joint Staff Pension Fund is exempt from income tax under the United Nations (Privileges and Immunities) Act, 1947. The decision was based on previous judgments by the Karnataka, Calcutta, and Allahabad High Courts supporting the exemption. The court held in favor of the assessee, against the Revenue, for the assessment years 1973-74 to 1977-78.