1983 (12) TMI 50 - HC - Income Tax

Summary

The High Court of Delhi delivered a judgment regarding the exemption of pension received by a retired individual from the United Nations Joint Staff Pension Fund from taxation. The court upheld the decision of the Income-tax Appellate Tribunal and referred to a similar ruling by the Karnataka High Court. The Central Board of Direct Taxes issued a circular confirming the exemption of pension from income tax. The court ruled in favor of the assessee, stating that pension received from the United Nations is exempt from income tax.