Taxability of special travelling allowance clarified; kit maintenance exempt and insurance premium reimbursement not treated as perquisite. Kit Maintenance Allowance for uniform upkeep is exempt as an allowance reimbursing employment-related expenditure. Reimbursement of employer-paid insurance premium for loss-of-licence is not a perquisite to pilots, though any compensation paid to a pilot for loss of licence is taxable under the provision treating such receipts as remuneration-like perquisites. Special Travelling Allowance is taxable as an addition to remuneration and is assessable from assessment year 1975-76; no additions are needed for earlier years and prior assessments or appeals may be adjusted accordingly.
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.
Taxability of special travelling allowance clarified; kit maintenance exempt and insurance premium reimbursement not treated as perquisite.
Kit Maintenance Allowance for uniform upkeep is exempt as an allowance reimbursing employment-related expenditure. Reimbursement of employer-paid insurance premium for loss-of-licence is not a perquisite to pilots, though any compensation paid to a pilot for loss of licence is taxable under the provision treating such receipts as remuneration-like perquisites. Special Travelling Allowance is taxable as an addition to remuneration and is assessable from assessment year 1975-76; no additions are needed for earlier years and prior assessments or appeals may be adjusted accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
