1994 (12) TMI 20 - HC - Income Tax

Assessment Year, House Rent Allowance, Income Tax Act, Law Applicable To Assessment, Retrospective Effect

Summary

The High Court of Andhra Pradesh ruled against the assessee's claim under section 10(13A) for house rent allowance due to residing in own house. The court referred to the Explanation added to the Income-tax Act, stating that the exemption does not apply if the residential accommodation is owned by the assessee. The ruling favored the Revenue and denied the claim. (Case citation: 1994 (12) TMI 20 - Andhra Pradesh High Court)