1995 (8) TMI 46

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..... e. The Income-tax Appellate Tribunal has made this reference to this court under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), for deciding the following common questions of law arising out of its order in I. T. A. Nos. 2867 to 2869/(Del) of 1978-79, dated December 30, 1978 : " 1. Whether, on the facts and in the circumstances of the case, the Income-tax Ap .....

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..... on or not. A bare perusal of section 17(1)(ii) of the Act will reveal that the salary includes... "any annuity or pension". So it is abundantly clear that the assessee is entitled to have standard deduction in the income arising out of the pension. From a perusal of sections 16 and 17 of the Act it is abundantly clear that the assessee was entitled to have standard deduction for his income out of .....

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