Exemption u/s 10(14) in respect of additional conveyance allowance.

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..... the Corporation with reference to Sec. 10(14) of the Income-tax Act. 1961. It was stated by the Life Insurance Corporation that it has now devised a suitable internal system which will enable it to satisfy itself regarding the expenditure incurred by each individual Development officer having regard to the details of actual performance, type of vehicle used, area of operation etc. It has further .....

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