1994 (1) TMI 74 - HC - Income Tax

Summary

The High Court of Madras ruled that pension received by the assessee from the United Nations Organisation is exempt from tax for the assessment years 1976-77 and 1977-78, based on Board's Circular No. 293 dated February 10, 1981. The decision was in line with the Karnataka High Court's ruling in CIT v. K. Ramaiah [1980] 126 ITR 638.