1984 (12) TMI 109 - AT - Income Tax

Summary

The judgment involves two appeals heard together. In the first appeal for the asst. yr. 1981-82, the assessee's contention was upheld, and an addition of Rs. 3,008 was deleted under s. 10(10AA)(ii). The second appeal for the asst. yr. 1982-83 involved an amount of Rs. 1,300 received by the assessee on encashment of leave salary, which was also deleted following the decision in the first appeal. Additionally, standard deduction under s. 16(i) was increased to Rs. 5,000 for employees receiving conveyance allowance from asst. yr. 1982-83.