https://www.taxtmi.com/caselaws?id=62270 The appellant, a LIC Agent, had his income assessed for three years under appeal, with a dispute over claimed expenses. The Assessing Officer disallowed some expenses based on a Board's Circular. The appellant provided details in the second appeal, showing varying income assessment percentages. The Tribunal estimated income at 55% of gross receipts, denying gratuity exemption claimed under section 10(10) of the IT Act as it did not meet exempt categories. The exemption denial was upheld based on a decision from the Andhra Pradesh High Court, resulting in partial allowance of the appeals. en-us Tue, 28 Feb 1995 00:00:00 +0530 Tue, 18 Jan 2011 19:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62270 The appellant, a LIC Agent, had his income assessed for three years under appeal, with a dispute over claimed expenses. The Assessing Officer disallowed some expenses based on a Board's Circular. The appellant provided details in the second appeal, showing varying income assessment percentages. The Tribunal estimated income at 55% of gross receipts, denying gratuity exemption claimed under section 10(10) of the IT Act as it did not meet exempt categories. The exemption denial was upheld based on a decision from the Andhra Pradesh High Court, resulting in partial allowance of the appeals. Case-Laws Income Tax Tue, 28 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62270