Standard deduction admissibility: pensioners not entitled under section 16(1); refer cases only if significant tax effect. The Board affirms that the standard deduction is not admissible to a pensioner based on the statutory language and Ministry of Law advice, notes conflicting ITAT decisions granting the deduction, and directs that fresh reference applications should not be filed unless the tax effect exceeds the specified minimum; appeals on the question are to be held pending enactment of clarifying provisions.
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.
Standard deduction admissibility: pensioners not entitled under section 16(1); refer cases only if significant tax effect.
The Board affirms that the standard deduction is not admissible to a pensioner based on the statutory language and Ministry of Law advice, notes conflicting ITAT decisions granting the deduction, and directs that fresh reference applications should not be filed unless the tax effect exceeds the specified minimum; appeals on the question are to be held pending enactment of clarifying provisions.
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