Employer-funded overseas education travel exemption for children proceeding to India during vacation clarified; effective retrospectively under income-tax amendment. An amendment to Section 10 inserts an exemption for employer payments for children in full time education abroad when such payments relate to their travel to India during vacation, deemed effective retrospectively; it also substitutes the statutory effective date in a related clause and declares that the substitution operates retrospectively from the original earlier date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Employer-funded overseas education travel exemption for children proceeding to India during vacation clarified; effective retrospectively under income-tax amendment.
An amendment to Section 10 inserts an exemption for employer payments for children in full time education abroad when such payments relate to their travel to India during vacation, deemed effective retrospectively; it also substitutes the statutory effective date in a related clause and declares that the substitution operates retrospectively from the original earlier date.
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