1992 (10) TMI 8 - HC - Income Tax

Summary

The High Court of Bombay ruled on a case involving standard deduction under section 16(i) of the Income-tax Act for an assessee with two employments in the assessment year 1981-82. The court held that the deduction should be based on the aggregate salary from all employers, not separately for each employment. This decision favored the Revenue, citing an Explanation added to the Act in 1984. (Case citation: 1992 (10) TMI 8 - BOMBAY High Court)