1985 (10) TMI 53 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee, allowing a deduction of Rs. 2,400 under section 16(iv) of the Income-tax Act, 1961. The court found that the amount of Rs. 200 per month paid to the assessee for travelling expenses fell short of his actual expenses, making him eligible for the deduction. The judgment was delivered by Judges Kania and Bharucha.